Prime Residential Secures $91.45M Refinance For 560-Unit Blue Rock Village In Vallejo

Blue Rock Village is a 560-unit multifamily property located at 2000 Ascot Parkway in Vallejo, CA. The asset was refinanced for a loan amount of $91,450,000, which will enhance its long-term investment potential. The property is categorized as Class-B in the market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $91,450,000
• Loan Type: Refinance
• Loan Terms: 10-year, full-term interest-only
• Lender: Freddie Mac
• Landlord: Prime Residential
• Brokers: Bryan Frazier & Blake Hockenbury - Walker & Dunlop

Walker & Dunlop managed the refinancing arrangement on behalf of Prime Residential. The successful procurement of the Freddie Mac loan strengthens the asset's position within the multifamily market, reflecting the commitment of the involved parties to support the investment in Blue Rock Village.