Advanced Real Estate Services Refinances Multifamily Properties In Santa Ana And Yorba Linda With $142M Loan From Freddie Mac

Northmarq's Newport Beach office has facilitated a $142 million cash-out refinance for two multifamily properties in California. The properties involved, Villa Del Sol located in Santa Ana and Yorba Linda Pines, are owned by Advanced Real Estate Services and encompass a total of 704 units. The loan, obtained through Freddie Mac, offers a 10-year interest-only term, providing significant cash-out for Advanced Real Estate Services to fuel further portfolio growth.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $142,000,000
• Units: 704
• Address: 811 South Fairview Street & 18700 Yorba Linda Boulevard
• Market: Santa Ana & Yorba Linda
• Lender: Freddie Mac
• Landlord: Advanced Real Estate Services - Richard Julian
• Brokers: Alex Kane, Joe Giordani, Brendan Golding & Alvin Cao - Northmarq

This successful refinance deal was coordinated by the Northmarq team consisting of brokers Alex Kane, Joe Giordani, Brendan Golding, and Alvin Cao. Their expertise and knowledge in the market proved crucial in securing the loan through Freddie Mac, offering Advanced Real Estate Services the opportunity for further expansion and growth within their portfolio.