JLL Arranges $42.7M Bridge Loan For MultiFamily Property In Santa Maria, California | 3519 Mercury Drive | Chad Morgan, Matt Stewart, Alex Olson, Jacob Michael | MultiFamily | Loan

Summary

Loan

CALIFORNIA

MultiFamily

137,683 sqft

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.

Players

All
5

Agents
4
Agencies
1

Details

Deal Summary

FINANCED

IMAGE: Matt Stewart, Brad Vernon, Alex Olson, Brett Vernon, Chad Morgan & Jacob Michael DATE: 08/30/2023 ADDRESS: 3519 Mercury Drive MARKET: Santa Maria, California ASSET TYPE: MultiFamily ~ UNITS: 167 ~ SF:137,683 LENDER: MF1 Capital LANDLORD: The Vernon Group (@TheVernonGroup) - Brad Vernon & Brett Vernon BROKERS: Matt Stewart, Alex Olson, Chad Morgan & Jacob Michael - JLL (@JLL) LOAN AMOUNT: $42,700,000 LOAN TYPE: Bridge

View on map

Address3519 Mercury Drive

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want