Fairbrook Communities Secures $55M Construction Loan For Multifamily Property In Moreno Valley, CA
FINANCED
California
See Similar DealsMultiFamily180,000 SF
Financed 09/29/2022
FINANCED
Fairbrook Communities Secures $55M Construction Loan For Multifamily Property In Moreno Valley, CA
25875 Alessandro Boulevard, Moreno Valley, California 92553, United States
See Similar DealsMultiFamily180,000 SF
Financed 09/29/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$305
Total Square Footage:180,000 SF
Transaction Type:Loan
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])
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$55,000,000.00
Monthly NOI$366,666.67
Monthly Debt Service$347,637.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions