Berkadia Arranges $26 Million Sale And Financing For Claremont Multifamily Property

The transaction involved the sale of a multifamily property consisting of 75 units located at 510 South Indian Hill Boulevard in Claremont. The sale price was $26,000,000, resulting in a price per unit of $346,667.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $26,000,000
• Units: 75
• Price Per Unit: $346,667
• Lender: Fannie Mae
• Mortgage Brokers: Michael Manolides & Landon Domenico - Berkadia
• Brokerage Team: Adrienne Barr, Nancy Badzey & Bruce Furniss - Berkadia

Berkadia facilitated both the sale and the acquisition loan. Adrienne Barr, Nancy Badzey, and Bruce Furniss represented the sale, while Michael Manolides and Landon Domenico were responsible for securing the financing on behalf of a private investor based in Irvine.