Fannie Mae Provides $82.89M Refinance Loan For 398-Unit Multifamily Property In Simi Valley

The property asset involved in the transaction is a multifamily unit comprising 398 units located at 1518 Patricia Avenue in the Simi Valley market. The total loan amount is $82,885,000, with a refinance structure at an interest rate of 4.25% and a 5-Year Full Term Interest-Only repayment plan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $82,885,000
• Loan Type: Refinance
• Loan Terms: 4.25%, 5-Year Full Term Interest Only
• Lender: Fannie Mae
• Landlord: Daniel Nagel & David Nagel - Decron Properties
• Brokers: Mike Guterman & Jake Roberts - Bellwether Enterprise (BWE)

Key individuals involved in the deal include Daniel Nagel and David Nagel representing the landlord interests, while Mike Guterman and Jake Roberts comprise the brokerage team facilitating the transaction through Bellwether Enterprise (BWE).