Freddie Mac Provides $109M Loan For Advanced Real Estate Multifamily Portfolio In Anaheim And Azusa

The transaction involved a multifamily portfolio consisting of three properties located at 201 South Magnolia Avenue, 2828 West Ball Road, and 950 West Sierra Madre Avenue in the Anaheim and Azusa markets. The total loan amount secured for this portfolio is $109,000,000, structured with 10-year terms and eight years of interest-only payments. The properties included are Villa Serrano, Summer Crest, and Le Med Apartments, with financing arranged at a loan-to-value (LTV) ratio of 70% and a debt service coverage ratio (DSCR) of 1.20x.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $109,000,000
• Lender: Freddie Mac
• Landlord: Richard Julian & Paul Julian - Advanced Real Estate
• Broker Representatives: Alex Kane, Joe Giordani, Brendan Golding & Alvin Cao - NorthMarq
• Loan Terms: 10-year terms with eight years interest only

This transaction highlights the effective collaboration of NorthMarq’s Newport Beach team, which played a crucial role in arranging the Freddie Mac financing for Advanced Real Estate's portfolio. The brokers involved in the deal, Alex Kane, Joe Giordani, Brendan Golding, and Alvin Cao, are representatives of NorthMarq, facilitating this significant transaction in the multifamily market.