Updated Aug 21, 2026
CBRE Provides $59.4 Million Refinance Loan For 254-Unit Multifamily Asset In San Bernardino
1930 West College Avenue
$59,400,000
$276/SF
Building Size
214,534 SF
Asset Type
MultiFamily
Closing
May 28, 2026
About this deal
AI
The property asset involved in this transaction is a MultiFamily building located at 1930 West College Avenue in the San Bernardino market. The property encompasses a total square footage of 214,534 and consists of 254 units.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $59,400,000
- Loan Amount: $59,400,000
- Loan Type: Refinance
- Loan Terms: 5
- Lender: CBRE
- Brokers: Eric Chen & Ryan Wilkinson - CBRE
The key individuals involved in this transaction include Eric Chen and Ryan Wilkinson, who represented the deal through CBRE. Their expertise facilitated the refinance process for the property located at 1930 West College Avenue, emphasizing their role in the transaction.
On the Map
$59,400,000
$276/SF
MultiFamily
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Players
San Bernardino MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93