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Berkadia Arranges $44.5M Refinance Loan For Fair Oaks Multifamily Property

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FINANCED
$44,500,000

California

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MultiFamily
Financed 02/01/2024
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Property Image
FINANCED

Berkadia Arranges $44.5M Refinance Loan For Fair Oaks Multifamily Property

4800 Sunset Terrace

See Similar Deals
MultiFamily
Financed 02/01/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $44,500,000
  • Units: 270
  • Address: 4800 Sunset Terrace
  • Market: Fair Oaks
  • Landlord: Bryan Ezralow - The Ezralow Company
  • Broker: Allan Freedman - Berkadia
  • Loan Type: Refinance
  • Loan Terms: five-year loan with five years of interest-only

Players

Allan Freedman
4 deals$191.5M volume(310) 209-3243
BROKER

Details

FINANCED
IMAGE: Allan Freedman & Bryan Ezralow DATE: 02/01/2024 ADDRESS: 4800 Sunset Terrace MARKET: Fair Oaks ASSET TYPE: Multifamily ~ UNITS: 270 LANDLORD: Bryan Ezralow - The Ezralow Company BROKER: Allan Freedman - Berkadia (@Berkadia) LOAN AMOUNT: $44,500,000 LOAN TYPE: Refinance LOAN TERMS: five-year loan with five years of interest-only NOTE: Berkadia announced a $44.5 million refinancing deal for The Fountains of Fair Oaks, a 270-unit multifamily property in Fair Oaks, California, through Freddie Mac, featuring a five-year loan with five years of interest-only payments. Managed by Allan Freedman of Berkadia Los Angeles for The Ezralow Company, the property, renovated in 2012, offers amenities like electric heaters, hardwood-inspired floors, and community features such as a clubhouse and fitness center, earning recognition as the “Best Apartment Living” in the Best of Fair Oaks 2023 awards.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$44,500,000.00

Monthly NOI$296,666.67
Monthly Debt Service$281,270.27
Change in Cash Flow$0.00
Refinance Proceeds$0.00