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City: Modesto
Summerview Apartments
Tesseract Capital Group has sold the 136-unit Summerview Apartments in Modesto, Calif., for $37.6 million, or $276,470/unit. The buyer is a Sacramento, Calif., limited liability company. In 2022, Dwight Capital provided $30.98 million of mortgage financing under the U.S. Department of Housing ...
Modesto, Calif., Apartment Property Sells for $37.6Mln
ConnectCRE Tesseract Capital Group has sold the 136-unit Summerview Apartments in Modesto, Calif., for $37.6 million, or $276,470/unit. The buyer is a Sacramento, Calif., limited liability company. Tesseract, a San Francisco private equity company, had acquired the apartments, along with ...
Northern California Apartment Property Sells for $32.6Mln
Commercial Real Estate Direct Staff Report DTI Investments Inc. has paid $32.6 million, or $153,773/unit, for the 212-unit Vineyard apartment property in Ceres, Calif., near Modesto, Calif. The Santa Ana, Calif., developer purchased the property from Ray Stone Inc. of ...
Dwight Mortgage Trust Lends $60Mln for Central Valley, Calif., Apartment Portfolio
Dwight Mortgage Trust has provided $60 million of bridge financing for a portfolio of four apartment properties with 347 units in Modesto, Calif., and Stockton, Calif., in the state's Central Valley region. The financing facilitated the properties' purchase and planned ...
Trails at 2112 Apartments
The Berkley, Calif., investment and development company was represented by the Mogharebi Group in the deal. The buyer was not identified. The property, at 2112 Floyd Ave., is encumbered by a $17.34 million Freddie Mac loan that the buyer is ...
97-Unit Apartment Property in Modesto, Calif., Sells for $25.2Mln
Commercial Real Estate Direct Staff Report Valiance Capital has sold the 97-unit Trails at 2112 Apartments in Modesto, Calif., for $25.2 million, or $259,793/unit. The Berkley, Calif., investment and development company was represented by the Mogharebi Group in the deal. ...
118,485-SF Retail Center in Modesto, Calif., Sells for $25Mln
REBusiness Online A group led by West Valley Properties has sold the Promenade Shopping Center, a 118,485-square-foot retail center in Modesto, Calif., for $25 million, or $210.99/sf. The Los Altos, Calif., investor sold the property to a local family office ...
Dwight Capital Provides $53.41Mln of HUD Financing for 2 Modesto, Calif., Apartments
Dwight Capital has provided a total of $53.41 million of mortgage financing under the U.S. Department of Housing and Urban Development's 223(f) program against the 136-unit Summerview Apartments and 100-unit Marc at 1600 in Modesto, Calif. The two properties are ...
a pair of apartment properties with a combined 236 units in Modesto, Calif.
The properties are the 100-unit Commons Apartments at 1600 Standiford Ave. and the 136-unit Summerview Apartment Homes at 3601 Prescott Road. They were built in 1989 and 1988, respectively, and each have one- and two-bedroom units. Both properties include swimming ...
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