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39867 Fremont Boulevard
FINANCED

Harbert Management Secures $23.9M Loan For 122-Unit Multifamily In Fremont

39867 Fremont Boulevard

MultiFamily
clock iconFinanced 75 days ago
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Summary

Loan
CALIFORNIA
MultiFamily

The 122-unit Fremont City Center in Fremont, Calif., was acquired by Harbert Management for $35.8 million with financing support from NorthMarq through Freddie Mac's Optigo program. The property, constructed in 1969, offers one-bedroom units averaging 744 square feet and comes equipped with washers and dryers, dishwashers, and outdoor spaces. The rental prices start at $2,350 per month.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $35.8 million
  • Address: 39867 Fremont Boulevard
  • Market: Fremont
  • Units: 122
  • Lender: NorthMarq
  • Landlord: Raymond Harbert - Harbert Management
  • Loan Amount: $23,900,000

Raymond Harbert of Harbert Management successfully acquired the Fremont City Center with financing assistance from NorthMarq. The collaboration facilitated the smooth purchase of the property, adding to Harbert Management's portfolio in the vibrant Fremont market.

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NorthMarq
NorthMarq

Details

Deal Summary
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FINANCED
IMAGE: 05/03/2024 ADDRESS: 39867 Fremont Boulevard MARKET: Fremont ASSET TYPE: Multifamily ~ UNITS: 122 LENDER: NorthMarq LANDLORD: Raymond Harbert - Harbert Management LOAN AMOUNT: $23,900,000 NOTE: Harbert Management acquired the 122-unit Fremont City Center in Fremont, Calif., for $35.8 million with financing support from Northmarq through Freddie Mac's Optigo program. The property, built in 1969 and offering one-bedroom units averaging 744 square feet, features amenities such as washers and dryers, dishwashers, and outdoor spaces, with rents starting at $2,350 per month.

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Address39867 Fremont Boulevard

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