389-Unit Apartment Property Opens in Morgan Hill, Calif.
April 24, 2024
SL Green to Sell Palisades, N.Y., Event Space for $26.25Mln
April 24, 2024
Bank of Arizona provided $27.68 million of debt against the property.
The property was sold by Wachovia Bank Commercial Mortgage Trust, 2006-C29, after the CMBS trust foreclosed on the property's $30.32 million loan. The interest-only debt, with a 6.05 percent coupon, matured in December 2011.
Transamerica Life Insurance Co. provided a $20.18 million loan for the purchase.
Bank of America provided a $33.72 million loan for the purchase;
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© 2023 Commercial Real Estate Direct All rights reserved..