Atlantic Pacific Real Estate Group Secures $29.7M Loan For 300-Unit Multifamily Property In San Marcos With Berkadia Loan Reps Andy Hill & Tyler Nowlin

The multifamily property located at 1011 Wonder World Drive in San Marcos has been involved in a recent transaction. The property consists of 300 units and is owned by Atlantic Pacific Real Estate Group. The transaction involved a loan provided by berkadia''>Berkadia, represented by Andy Hill & Tyler Nowlin. The loan amount for this transaction was $29,700,000. The loan terms include a 10-year loan with five years of interest-only payments and a 30-year amortization schedule.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $29,700,000
• Date: 01/12/2021
• Address: 1011 Wonder World Drive, San Marcos
• Market: San Marcos
• Units: 300
• Landlord: Atlantic Pacific Real Estate Group
• Lender: Berkadia - Andy Hill & Tyler Nowlin

The loan provided by Berkadia, represented by Andy Hill & Tyler Nowlin, played a significant role in facilitating this transaction. With a structured loan term of 10 years, including five years of interest-only payments and a 30-year amortization schedule, the financing arrangement has provided the necessary capital for the transaction to take place.