Phoenix Development Co. Secures $27.8M Refinance Loan For 725 Wilson Street In Santa Rosa

The property asset involved in this transaction is a MultiFamily asset located at 725 Wilson Street in Santa Rosa. The loan amount secured for this property is $27,800,000.00, classified as a refinance. The loan features a 36-month term with a floating-rate, nonrecourse structure, allowing for interest-only payments throughout the term.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $27,800,000.00
• Loan Type: Refinance
• Loan Terms: 36-month, floating-rate, nonrecourse loan with interest-only payments
• Address: 725 Wilson Street
• Market: Santa Rosa
• Landlord: Phoenix Development Co.
• Brokers: Gary Mozer - Institutional Property Advisors

The transaction highlights the involvement of key parties, including Phoenix Development Co. as the landlord and Gary Mozer from Institutional Property Advisors acting as the broker representative in this deal, facilitating the refinance transaction for the MultiFamily asset.