The property is being rebranded the Alaire Apartments.
96 percent occupied. The property is encumbered by a $45.5 million Freddie Mac loan that is securitized through FREMF, 2014-K503. It requires only interest payments through its July 2019 maturity and pays a coupon of 3.25 percent. It doesn't become ...
Kennedy Wilson financed its purchase with a $26 million Fannie Mae loan that pays a fixed coupon of 3.35 percent for 10 years. It put up $15 million of equity.
Property will be transformed into a lifestyle retail center
garden apartment complex