Richard Julian & Paul Julian Secure $109 Million Refinance For 428 Multifamily Units In Anaheim And Azusa

201 South Magnolia Avenue, 2828 West Ball Road & 950 West Sierra Madre Avenue comprises a multifamily asset consisting of 428 units in the Anaheim and Azusa markets. The secured loan for this property amounts to $109,000,000, focusing on refinancing options through Freddie Mac, and leverages fixed-rate, 10-year terms with eight years of interest-only repayments.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $109,000,000
• Lender: Freddie Mac
• Landlord: Richard Julian & Paul Julian - Advanced Real Estate
• Broker: Northmarq
• Loan Type: Refinance
• Loan Terms: 10-year terms with eight years, interest-only
• Units: 428
• Market: Anaheim & Azusa

Richard Julian and Paul Julian represent Advanced Real Estate in this transaction, with Northmarq facilitating the refinancing deal. The refinance aims to maximize cash-out proceeds to support future acquisitions amidst a resilient multifamily market in Southern California, characterized by strong investor demand and improved operational efficiency.