CBRE Provides $59.4 Million Refinance Loan For 254-Unit Multifamily Asset In San Bernardino

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.