Freddie Mac Provides $263M Loan To Advanced Real Estate For Fullerton, Santa Ana, Redlands, Lake Forest, And Anaheim Multifamily Properties

The multifamily properties located at 2656 Associated Rd., 901 S. Harbor Blvd., 1255 E. Citrus Ave., 21011 Osterman Rd., 2970 W. Orange Ave., and 2704 W. Ball Rd. have been involved in a closed transaction. These properties are situated in Fullerton, Santa Ana, Redlands, Lake Forest, and Anaheim. The transaction was carried out by Advanced Real Estate.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $263,000,000
• Units: 1,255
• Loan Terms: 10-year term, full term IO, sized to 65% loan-to-value ratio

The loan for this transaction was provided by Freddie Mac. Michael Elmore, Alex Kane, Joe Giordani, and Brendan Golding from NorthMarq served as the brokers representing the parties involved in the deal.