The transaction involves a portfolio of eight multifamily properties located in Oakland, consisting of a total of 225 apartments along with three commercial units. The assets were financed for an acquisition through a loan amounting to $27,800,000. The financing was facilitated in the context of a multifamily asset type, with a loan secured specifically for the purpose of acquiring these properties.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $27,800,000
• Units: 225
• Address: Multifamily Portfolio
• Market: Oakland
• Loan Type: Acquisition
• Loan Terms: three-year
• Loan Amount: $27,800,000
• Brokers: Erinn Cooke & Jeff Wilcox - Gantry

Erinn Cooke and Jeff Wilcox from Gantry represented the private real estate investor in securing the financing for this acquisition. The loan was arranged with an institutional debt fund, offering features such as prepayment flexibility and options for extension during its three-year term, catering to the financing needs of the investor.