Principal Real Estate Investors Provides $93M Construction Loan For Multifamily Property In Redlands | 1600 Orange Avenue | Principal Real Estate Investors | MultiFamily | Loan

Summary

Loan

CALIFORNIA

MultiFamily

328 sqft

The multifamily property located at 1600 Orange Avenue in Redlands has been involved in a recent closed transaction. Situated on 22 acres of land, the property consists of 328 units. The transaction took place on 11/09/2021.

Summary of transaction details

Property Type: Multifamily
Market: Redlands
Acres: 22
Units: 328

The loan for this transaction was provided by Principal Real Estate Investors, with Daniel J. Houston acting as the representative. The loan amount totaled $93,000,000 and was granted for construction purposes. The loan terms are set for a 5-year, floating-rate period.

LuxView Properties acted as the landlord in this transaction. The broker involved in this deal was JLL.

Details

Deal Summary

FINANCED

IMAGE: Daniel J. Houston DATE: 11/09/2021 ADDRESS: 1600 Orange Avenue MARKET: Redlands ASSET TYPE: Multifamily ~ ACRES: 22 ~ UNITS: 328 LENDER: Principal Real Estate Investors - Daniel J. Houston LANDLORD: LuxView Properties BROKER: JLL LOAN AMOUNT: $93,000,000 LOAN TYPE: Construction LOAN TERMS: 5-year, floating-rate

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Address1600 Orange Avenue

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