FINANCED
Freddie Mac Provides $263M Loan To Advanced Real Estate For Fullerton, Santa Ana, Redlands, Lake Forest, And Anaheim Multifamily Properties
2656 Associated Road, 901 South Harbor Boulevard, 1255 East Citrus Avenue, 21011 Osterman Road, 2970 West Orange Avenue & 2704 West Ball Road
MultiFamily
Financed 1 year ago
Summary
Loan
CALIFORNIA
MultiFamily
The multifamily properties located at 2656 Associated Rd., 901 S. Harbor Blvd., 1255 E. Citrus Ave., 21011 Osterman Rd., 2970 W. Orange Ave., and 2704 W. Ball Rd. have been involved in a closed transaction. These properties are situated in Fullerton, Santa Ana, Redlands, Lake Forest, and Anaheim. The transaction was carried out by Advanced Real Estate.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $263,000,000
- Units: 1,255
- Loan Terms: 10-year term, full term IO, sized to 65% loan-to-value ratio
The loan for this transaction was provided by Freddie Mac. Michael Elmore, Alex Kane, Joe Giordani, and Brendan Golding from NorthMarq served as the brokers representing the parties involved in the deal.
Players
Details
FINANCED
IMAGE: Michael Elmore, Alex Kane, Joe Giordani & Brendan Golding
DATE: 08/13/2021
ADDRESS: 2656 Associated Rd., 901 S. Harbor Blvd., 1255 E. Citrus Ave., 21011 Osterman Rd., 2970 W. Orange Ave. & 2704 W. Ball Rd.
MARKET: Fullerton, Santa Ana, Redlands, Lake Forest & Anaheim
ASSET TYPE: Multifamily
LENDER: Freddie Mac
LANDLORD: Advanced Real Estate
BROKERS: Michael Elmore, Alex Kane, Joe Giordani & Brendan Golding - NorthMarq
LOAN AMOUNT: $263,000,000
UNITS: 1,255
LOAN TERMS: 10-year term, full term IO, sized to 65% loan-to-value ratioView on map
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Address2656 Associated Road, 901 South Harbor Boulevard, 1255 East Citrus Avenue, 21011 Osterman Road, 2970 West Orange Avenue & 2704 West Ball Road
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