JLL Arranges $42.7M Bridge Loan For MultiFamily Property In Santa Maria, California

The property involved in this transaction is a MultiFamily asset located at 3519 Mercury Drive in Santa Maria, California. It consists of 167 units with a total square footage of 137,683.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $42,700,000
• Lender: MF1 Capital
• Landlord: The Vernon Group - Brad Vernon & Brett Vernon
• Brokers: Matt Stewart, Alex Olson, Chad Morgan & Jacob Michael - JLL
• Loan Type: Bridge

Matt Stewart, Alex Olson, Chad Morgan, and Jacob Michael from JLL acted as the brokers in this deal. They played a crucial role in facilitating the transaction between the lender, MF1 Capital, and the landlord, The Vernon Group. The loan amount for this deal was $42,700,000, and it was categorized as a bridge loan.