Gantry Secures $16.25M Refinance Loan For Arbor Ridge II Apartments In Sacramento

The transaction involves the Arbor Ridge II apartments located at 4440 Oakhollow Drive in the Sacramento market. This asset type is classified as multifamily, and it underwent a refinance process with a total loan amount of $16,250,000. The loan features 10-year, interest-only terms, transitioning to a 30-year amortization schedule.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,250,000
• Loan Type: Refinance
• Loan Terms: 10-year, interest only terms transitioning to 30-year amortization
• Market: Sacramento
• Address: 4440 Oakhollow Drive
• Brokers: Robert Slatt & Alex Poulos - Gantry

Gantry secured the refinance loan sourced from a life company correspondent, which includes five years of interest-only payments and non-recourse terms. The cash-out proceeds from the transaction are designated for supporting another property refinance.