$170 Million Loan Secured By JLL For Bay Meadows Apartment Collection In San Mateo

The Bay Meadows Apartment Collection, consisting of 390 units, is located at 282 Pony Lane, 3068 Kyne Street, 3098 Kyne Street West, and 3069 East Kyne Street in San Mateo. The collection includes four luxury multifamily properties that were built between 2015 and 2024 and represents a significant asset in the San Mateo market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $170,000,000
• Lender: New York Life Real Estate Investors
• Landlord: Terry Fancher - Stockbridge; Chris Meany & Janice Thacher - Wilson Meany
• Brokers: Bruce Ganong, Chris Gandy, Elijah Lax & Tomie Vega - JLL
• Loan Terms: five-year, fixed-rate

JLL Capital Markets was instrumental in securing the refinancing, which was arranged on behalf of Stockbridge and Wilson Meany, underscoring the collaboration among key players in the multifamily investment space.