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

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

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

MultiFamily
clock iconFinanced 275 days ago
Natalia Todorov
Lauren Kiesel
Elizabeth Velazquez
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Summary

Loan
CALIFORNIA
MultiFamily

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.

Players

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    5

  • Agents

    4

  • Agencies

    1

Natalia Todorov's profile picture
Natalia Todorov
PGIM Real Estate-image
Executive Director

Details

Deal Summary
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FINANCED
IMAGE: Natalia Todorov, John Albert Sobrato, Elizabeth Velazquez & AJ Hamer DATE: 10/24/2023 ADDRESS: Portfolio MARKET: West Coast ASSET TYPE: Multifamily ~ UNITS: 1,141 LANDLORD: The Sobrato Organization (@Sobrato_Org) - John Albert Sobrato BROKERS: PGIM Real Estate (@PGIM) - Natalia Todorov, Lauren Kiesel, Elizabeth Velazquez & AJ Hamer (@AJ_Hamer) LOAN AMOUNT: $259,000,000 LOAN TYPE: Credit Facility NOTE: PGIM Real Estate secured a $259 million Fannie Mae credit facility for The Sobrato Organization, backed by six West Coast multifamily properties. The deal closed in just 30 days, offering Sobrato portfolio-level flexibility.

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

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