FINANCED
Colliers Mortgage Provides $13.4M Loan To Refinance Arcadia Pointe Apartments
4330 South Eastern Avenue
MultiFamily
Financed 184 days ago
Summary
Loan
NEVADA
MultiFamily
A $13,361,000 Fannie Mae loan has been secured by Colliers Mortgage's Phoenix team, led by Luke Donahue, for the refinancing of Arcadia Pointe Apartments in Las Vegas. The loan, arranged for CALCAP Real Estate Advisors, is a 10-year fixed-rate, full-term interest-only non-recourse loan. The refinance facilitated a cash-out option, enabling the borrower to recover all investor equity after repositioning the property.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $13,361,000
- Lender: Colliers Mortgage - Luke Donahue
- Landlord: CALCAP Real Estate Advisors - Edward Aloe
- Loan Type: Refinance
- Loan Terms: fixed rate 10-year full-term interest only non-recourse loan
The deal was made possible through the efforts of Luke Donahue from Colliers Mortgage and Edward Aloe from CALCAP Real Estate Advisors. The loan was structured to enable the borrower to recover their investor equity after repositioning Arcadia Pointe Apartments in Las Vegas.
Players
All
1
Lenders
1
Details
FINANCED
IMAGE: Luke Donahue & Edward Aloe
DATE: 11/15/2023
ADDRESS: 4330 South Eastern Avenue
MARKET: Las Vegas
ASSET TYPE: Multifamily
LENDER: Colliers Mortgage - Luke Donahue
LANDLORD: CALCAP Real Estate Advisors - Edward Aloe (@Ed_Aloe)
LOAN AMOUNT: $13,361,000
LOAN TYPE: Refinance
LOAN TERMS: fixed rate 10-year full-term interest only non-recourse loan
NOTE: Colliers Mortgage's Phoenix team, led by Luke Donahue, secured a $13.4 million Fannie Mae loan to refinance Las Vegas' Arcadia Pointe Apartments. The 10-year fixed-rate loan, arranged for CALCAP Real Estate Advisors, facilitated a cash-out refinance, allowing the borrower to recover all investor equity post-repositioning of the property.View on map
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Address4330 South Eastern Avenue
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