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Rubik Built, Wright Equities, And Grupe Company Secure $51.5M Loan For Mossdale Landing Apartments

Property Image
FINANCED
$51,500,000

California

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MultiFamily
Financed 08/21/2025
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Property Image
FINANCED

Rubik Built, Wright Equities, And Grupe Company Secure $51.5M Loan For Mossdale Landing Apartments

18008 Golden Valley Parkway

See Similar Deals
MultiFamily
Financed 08/21/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan

The asset involved in this transaction is the 204-unit Mossdale Landing apartments located at 18008 Golden Valley Parkway in Lathrop, California. The property recently secured a refinancing loan of $51,500,000 to assist with its financial restructuring. The property is a multifamily asset and currently boasts an occupancy rate of 93%.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $51,500,000
  • Loan Type: Refinance
  • Loan Terms: five-year
  • Market: Lathrop
  • Units: 204
  • Lender: MF1 Capital
  • Landlord: Nic Whetstone - Rubik Built
  • Landlord: Brian Wright - Wright Equities
  • Landlord: Fritz Grupe - The Grupe Company
  • Broker: JLL

This deal was facilitated by JLL Capital Markets, indicating a collaborative effort among significant players in the real estate sector. The involvement of a venture comprising Rubik Built, Wright Equities, and Grupe Co. reflects a strong alliance between these companies, enhancing their portfolios through strategic financial decisions.

Players

JLL
JLL
BROKERAGE
MF1 Capital
MF1 Capital
LENDER

Details

FINANCED
IMAGE: Nic Whetstone, Brian Wright & Fritz Grupe DATE: 08/21/2025 ADDRESS: 18008 Golden Valley Parkway MARKET: Lathrop ASSET TYPE: Multifamily ~ UNITS: 204 LENDER: MF1 Capital LANDLORD: Nic Whetstone - Rubik Built (@RubikBuilt); Brian Wright - Wright Equities (@WrightEquities); Fritz Grupe - The Grupe Company (@GrupeCo) BROKER: JLL (@JLL) LOAN AMOUNT: $51,500,000 LOAN TYPE: Refinance LOAN TERMS: five-year NOTE: A venture of Rubik Built, Wright Equities, and Grupe Co. secured a $51.5M, five-year refinancing loan from an insurance company for the 204-unit Mossdale Landing apartments in Lathrop, Calif. JLL Capital Markets arranged the deal for the two-year-old property, now 93% occupied.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$51,500,000.00

Monthly NOI$343,333.33
Monthly Debt Service$325,515.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00