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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
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This MultiFamily property located in CA received a loan of $263,000,000 over 2 years ago. The brokers of the deal were Brendan Golding, Joe Giordani, Alex Kane, and Michael Elmore

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.

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Deals
  • Location
    2656 Associated Rd, Fullerton, CA, USA2656 Associated Rd, Fullerton, CA, USA
  • Loan Value
    $263,000,000$263,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 1 Agency, 1 Lender4 Brokers, 1 Agency, 1 Lender

Agents

Michael Elmore

Michael Elmore

Deals1
Financed$263M

Joe Giordani

Joe Giordani

Deals4
Financed$454.5M

Brendan Golding

Brendan Golding

Deals3
Financed$436.6M

Alex Kane

Alex Kane

Deals4
Financed$461.6M

Agency

NorthMarq

NorthMarq

Agency
Deals467
Volume$21.6B

Freddie Mac

Freddie Mac

Lender
Deals88
Volume$ 468.8B

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Deal Summary

LOAN 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 ratio

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2656 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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