KIRE Group Secures $13.275M Fannie Mae DUS Refinance For 48-Unit Talas Apartments In National City

The asset involved in this transaction is a multifamily property known as Talas Apartments, located at 2114 East 7th Street, National City, CA. The property consists of 48 units and is part of a community developed in 2025. The transaction involves a refinancing of the asset with a loan amount of $13,275,000, replacing the construction loan with a five-year fixed-rate loan that features full-term interest-only payments.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,275,000
• Lender: Fannie Mae DUS
• Landlord: KIRE Group
• Brokers: Aaron Beck & Bryce Quezada - NorthMarq
• Units: 48
• Loan Terms: five-year, interest-only

The deal was facilitated by NorthMarq’s brokers, Aaron Beck and Bryce Quezada, who arranged the refinancing for KIRE Group's Talas Apartments. This financing allows KIRE Group to secure permanent debt prior to achieving stabilized occupancy, return equity to investors, and improve the cash flow of the multifamily community.