Merchants Capital And Fannie Mae Provide $55.6M Loan For Palmdale SFR Investment

A loan has been secured for a single-family residential property located at 6510 Neil Drive in Palmdale. The loan amount is $55,600,000, and the property consists of 118 units. The lender for this transaction is Merchants Capital, represented by Marsha Goff and Fannie Mae. The landlord of the property is Ravello Holdings and Ascenda Capital.

Summary of transaction details

• Property Type: Single-Family Residential (SFR)
• Transaction Amount: $55,600,000
• Address: 6510 Neil Drive, Palmdale
• Market: Palmdale

Marsha Goff, representing Merchants Capital, and Fannie Mae have provided the loan for this property. The landlords of the property are Ravello Holdings and Ascenda Capital. This transaction represents an important deal in the Palmdale real estate market.