E&S Ring Management Corp Secures $75M Loan For 508-Unit Multifamily In Costa Mesa

The multifamily property located at 2400 Harbor Blvd in Costa Mesa has been involved in a closed transaction. The property is owned by E&S Ring Management Corp. The deal was facilitated by brokers Nathan Prouty and Andy Slaton from NorthMarq. The transaction involved a loan amount of $75,000,000 with a term of 10 years. The property consists of 508 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $75,000,000
• Loan Terms: 10 years
• Units: 508
• Landlord: E&S Ring Management Corp
• Brokers: Nathan Prouty & Andy Slaton – NorthMarq

Nathan Prouty and Andy Slaton from NorthMarq played a key role in this transaction as brokers representing the buyer, seller, landlord, or tenant. The deal highlights their expertise in the Costa Mesa market.