Greystone Arranges $81.1M Loan For Vernola Marketplace Apartments In Jurupa Valley

Vernola Marketplace Apartments, a luxury multifamily property located at 6770 Pats Ranch Road in Jurupa Valley, CA, consisting of 397 units, recently underwent a refinancing transaction. The loan amount of $81,129,000 was secured through a non-recourse, fixed-rate loan facilitated by Rich Martinez, Clint Darby, and Andrew Remenschneider from Greystone in collaboration with Kim Liautaud from BMO Bank. Spencer Dunlop of Bridge Investment Group serves as the landlord for this property, which was built in 2022.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $81,129,000
• Lender: Greystone (Rich Martinez, Clint Darby & Andrew Remenschneider) and BMO Bank (Kim Liautaud)
• Landlord: Spencer Dunlop - Bridge Investment Group
• Loan Type: Refinance
• Loan Terms: Non-recourse, fixed-rate loan

The financing for the Vernola Marketplace Apartments was arranged through an $81.1 million Freddie Mac Optigo® loan, commended for its seamless execution by Kim Liautaud of BMO Bank. This transaction marked the first collaboration between Greystone, BMO Bank, and Bridge Investment Group, with Spencer Dunlop's expectations exceeded in the process.