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Decron Properties Secures $365M Loan For Walnut Creek, Thousand Oaks, Simi Valley, And Carlsbad Multifamily Portfolio From Wells Fargo

Meridian Capital Group Brokers deal for $365,000,000 in Walnut Creek, Thousand Oaks, Simi Valley, Carlsbad
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This MultiFamily property located in CA received a loan of $365,000,000 over 4 years ago. The brokers of the deal were Sarah Kuebler, Seth Grossman, and Jackie Tran

Decron Properties has secured a $365 million loan from Wells Fargo for a multifamily asset transaction. The 10-year loan has a fixed-rate and interest-only terms, providing financial stability for the project. The property, located in Walnut Creek, Thousand Oaks, Simi Valley, and Carlsbad, is a promising investment opportunity in the thriving multifamily market.

Summary of transaction details

Seth Grossman, Jackie Tran, and Sarah Kuebler from Meridian Capital Group represented Decron Properties in this transaction. Their expertise and negotiation skills were instrumental in securing the favorable loan terms. This deal highlights the continued growth and attractiveness of the multifamily sector in these California markets.

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Deals
  • Location
    Walnut Creek, CA, USAWalnut Creek, CA, USA
  • Loan Value
    $365,000,000$365,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency, 1 Lender3 Brokers, 1 Agency, 1 Lender

Agents

Jackie Tran

Jackie Tran

Deals5
Financed$755.6M

Agency

Meridian Capital Group

Meridian Capital Group

Agency
Deals2414
Volume$65.9B

Wells Fargo

Wells Fargo

Lender
Deals121
Volume$ 1.1T

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Deal Summary

LOAN IMAGE: Seth Grossman, Jackie Tran & Sarah Kuebler DATE: 10/28/2019 MARKET: Walnut Creek, Thousand Oaks, Simi Valley, Carlsbad ASSET TYPE: Multifamily LENDER: Wells Fargo LANDLORD: Decron Properties BROKERS: Seth Grossman, Jackie Tran, Sarah Kuebler - Meridian Capital Group LOAN AMOUNT: $365,000,000 LOAN TERMS: 10-year, fixed-rate, interest-only

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Meridian Capital Group Brokers deal for $365,000,000 in Walnut Creek, Thousand Oaks, Simi Valley, Carlsbad

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