The transaction involves the Spinnaker Pointe Apartments located at 231 Dixon Landing Road in Milpitas and the Crossroads Village Apartments at 39438 Stratton Common in Fremont, consisting of a total of 540 multifamily units. The secured loans for these properties provide solid financing options for continued investment in the multifamily market in these two areas.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,300,000
• Units: 540
• Market: Milpitas & Fremont
• Loan Terms: Five-year loans with 30-year amortization schedules
• Loan Representative: Erinn Cooke & Tom Dao - Gantry

Gantry successfully arranged the $18.3 million in two permanent loans secured by a private real estate investor for this multifamily transaction. The loans offered in this deal include five-year terms and no prepayment penalties after the first 12 months, providing flexibility for the investor.