Bridge Investment Group Secures $105.78 Million Refinance Loan For El Cajon Multifamily Properties

The transaction involves two multifamily communities in El Cajon, California, totaling 476 units located at 2950 Fletcher Parkway and 1240 Petree Street. The refinance loan provided by Freddie Mac is for a total of $105,780,000. The financing package comprises a $32.3 million loan for the 138-unit Colonnade at Fletcher Hills and a $73.5 million loan for the 338-unit Forest Park at Fletcher Hills.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $105,780,000
• Lender: Freddie Mac
• Landlord: Jonathan Slager & Spencer Dunlop - Bridge Investment Group
• Originators: Clint Darby & Andrew Remenschneider - Greystone
• Units: 476

The financing was arranged by Clint Darby and Andrew Remenschneider of Greystone, who are the originators of the loans. Jonathan Slager and Spencer Dunlop represent the landlord, Bridge Investment Group, as part of this refinancing transaction involving significant multifamily assets in the region.