Decron Properties Secures $365M Loan For Walnut Creek, Thousand Oaks, Simi Valley, And Carlsbad Multifamily Portfolio From Wells Fargo

Decron Properties has secured a $365 million loan from Wells Fargo for a multifamily asset transaction. The 10-year loan has a fixed-rate and interest-only terms, providing financial stability for the project. The property, located in Walnut Creek, Thousand Oaks, Simi Valley, and Carlsbad, is a promising investment opportunity in the thriving multifamily market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $365,000,000
• Lender: Wells Fargo
• Landlord: Decron Properties
• Brokers: Seth Grossman, Jackie Tran, Sarah Kuebler - Meridian Capital Group
• Market: Walnut Creek, Thousand Oaks, Simi Valley, Carlsbad

Seth Grossman, Jackie Tran, and Sarah Kuebler from Meridian Capital Group represented Decron Properties in this transaction. Their expertise and negotiation skills were instrumental in securing the favorable loan terms. This deal highlights the continued growth and attractiveness of the multifamily sector in these California markets.