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JLL Secures $5.11M Refinancing For 21-Unit Multifamily In Oceanside

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FINANCED
$5,110,000

California

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MultiFamily
Financed 05/29/2024
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FINANCED

JLL Secures $5.11M Refinancing For 21-Unit Multifamily In Oceanside

330 South Horne Street

See Similar Deals
MultiFamily
Financed 05/29/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan

The 21-unit multifamily community located at 330 South Horne Street in Oceanside, California, recently underwent a refinancing transaction. JLL Capital Markets facilitated a $5.11 million loan for the property. The loan, a three-year, fixed-rate refinancing deal, was secured for a joint venture between Westview Real Estate and Pace Properties.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,110,000
  • Units: 21
  • Address: 330 South Horne Street
  • Market: Oceanside
  • Landlord: Rob Perkins - Westview Real Estate; Matt Pace - Pace Properties
  • Brokers: Christopher Collins & Emily Pohlman - JLL
  • Loan Type: Refinance
  • Loan Terms: three-year, fixed-rate

The refinancing deal at 330 South Horne Street in Oceanside, California, was orchestrated by key individuals in the transaction. The property is jointly managed by Westview Real Estate, represented by Rob Perkins, and Pace Properties, represented by Matt Pace. The financing arrangement was facilitated by brokers Christopher Collins and Emily Pohlman from JLL.

Players

Christopher (Chris) Collins
8 deals$95.1M volume
BROKER

Emily Pohlman
JLL
4 deals$38.2M volume
BROKER

Details

FINANCED
IMAGE: 05/29/2024 ADDRESS: 330 South Horne Street MARKET: Oceanside ASSET TYPE: Multifamily ~ UNITS: 21 LANDLORD: Rob Perkins - Westview Real Estate; Matt Pace - Pace Properties BROKERS: Christopher Collins & Emily Pohlman - JLL LOAN AMOUNT: $5,110,000 LOAN TYPE: Refinance LOAN TERMS: three-year, fixed-rate NOTE: JLL Capital Markets secured a $5.11 million refinancing for the 21-unit multifamily community at 330 South Horne Street in Oceanside, California. The three-year, fixed-rate loan was arranged for a joint venture between Westview Real Estate and Pace Properties.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$5,110,000.00

Monthly NOI$34,066.67
Monthly Debt Service$32,298.68
Change in Cash Flow$0.00
Refinance Proceeds$0.00