Prime Residential Secures $91.45M Refinance For 560-Unit Blue Rock Village In Vallejo
2000 Ascot Parkway
$91,450,000
Units
560
Asset Type
MultiFamily
Closing
Jul 17, 2025
AI
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.
Players
Vallejo 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93