PGIM Secures $259M Fannie Mae Credit Facility For Sobrato's West Coast Multifamily Portfolio

The Sobrato Organization, led by John Albert Sobrato, has secured a $259 million Fannie Mae credit facility with the assistance of PGIM Real Estate. This loan is backed by a portfolio of six multifamily properties located on the West Coast. The transaction was completed in just 30 days, showcasing the efficiency and flexibility of the Sobrato portfolio.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $259,000,000
• Units: 1,141
• Landlord: The Sobrato Organization - John Albert Sobrato
• Brokers: PGIM Real Estate - Natalia Todorov, Lauren Kiesel, Elizabeth Velazquez, and AJ Hamer
• Loan Type: Credit Facility

In their role as representatives for PGIM Real Estate, Natalia Todorov, Lauren Kiesel, Elizabeth Velazquez, and AJ Hamer facilitated the credit facility for The Sobrato Organization. This deal exemplifies the successful collaboration between the parties involved in securing the loan, further enhancing the reputation and capabilities of these industry professionals.