Fairbrook Communities Secures $55M Construction Loan For Multifamily Property In Moreno Valley, CA

The property involved in this closed transaction is a multifamily asset located at 25875 Alessandro Blvd. in Moreno Valley, CA. It consists of 192 units with a total square footage of 180,000. The market value of the property has not been disclosed.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $55,000,000
• Address: 25875 Alessandro Blvd., Moreno Valley, CA
• Units: 192
• Square Footage: 180,000

The lender in this deal is Churchill Real Estate, represented by Jeff Rosenfeld and Sean Robertson. The loan amount provided by Churchill Real Estate for the transaction is $55,000,000. The loan type is construction. The landlords of the property are Fairbrook Communities, represented by Matt Walters and James Walters.

NOTE FROM LENDER:

Jeff Rosenfeld - Co-Head of Originations ([email protected])

Sean Robertson - Co-Head of Originations ([email protected])