Paul Julian & Richard Julian Of Advanced Real Estate Secures $50.1M Freddie Mac Loan For Multifamily Asset

The asset involved in this transaction is the River House Apartment Homes, a multifamily property located at 2111 West 17th Street in Santa Ana, featuring a total of 240 units. The property has secured a refinance loan amounting to $50,100,000 through Freddie Mac.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $50,100,000
• Address: 2111 West 17th Street
• Market: Santa Ana
• Units: 240
• Lender: Freddie Mac
• Landlord: Paul Julian & Richard Julian - Advanced Real Estate
• Brokers: Alex Kane, Joe Giordani, Brendan Golding & Alvin Cao - NorthMarq
• Loan Type: Refinance

NorthMarq arranged the Freddie Mac refinance loan, which features aggressive terms, including a 35-year amortization period. This transaction follows a significant $109 million debt package arranged by NorthMarq last month, encompassing three properties owned by Advanced Real Estate in Southern California.