Tides Equities Acquires Multifamily Property In Colton For $72.5M Loan From MF1 Capital

A multifamily property located at 1699 E. Washington St. in Colton has been involved in a recent transaction. The property consists of 366 units and is owned by Tides Equities. The transaction was facilitated by the brokerage firm CBRE. The loan was provided by MF1 Capital, with a loan amount of $72,500,000. The loan terms include a 5-year full term interest-only period.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $72,500,000
• Address: 1699 E. Washington St., Colton
• Market: Colton
• Units: 366

The deal involved various key individuals and companies. The loan was provided by MF1 Capital. Tides Equities serves as the landlord. CBRE was the brokerage firm representing the parties involved in the transaction.