NorthMarq's San Francisco Secures $19.7M Acquisition Financing For Cypress Village Apartments Buyer

The Cypress Village Apartments in Buena Park, a multifamily property spanning 5.1 acres located at 6343 Lincoln Avenue, was recently sold for $34,375,000. Consisting of 88 units, the per unit price equated to $390,625. The sale was facilitated by Shane Shafer from NorthMarq on behalf of the seller, Arun Paul of Priya Living.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $34,375,000
• Units: 88
• Price Per Unit: $390,625
• Address: 6343 Lincoln Avenue
• Market: Buena Park
• Seller: Arun Paul - Priya Living
• Broker: Shane Shafer - NorthMarq
• Mortgage Brokers: Andrew Deaver, Briana Harney DeHaan, Nate Prouty & Soraya Rios - NorthMarq

NorthMarq's San Francisco team acted quickly to secure $19.7 million in acquisition financing for the buyer of the Cypress Village Apartments. The team, led by the concerted efforts of Andrew Deaver, Briana Harney DeHaan, Nate Prouty, and Soraya Rios, successfully met tight deadlines by efficiently locking rates and proceeds within a remarkably short span of eight days.