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Commercial Real Estate Direct Staff Report An affiliate of Afton Properties has acquired the 318-unit Azure Apartments in Santa Maria, Calif. The purchase price could not be learned immediately. But the property was appraised this year at a value of ...
MF1 Capital has provided $42.7 million of financing against the 167-unit Elements Apartments in Santa Maria, Calif. JLL Capital Markets arranged the financing on behalf of the Vernon Group of Santa Barbara, Calif., which will use it to complete construction ...
Thorofare Capital Inc. has provided $34.8 million of financing for the proposed 167-unit Elements Apartments that Vernon Group is developing in Santa Maria, Calif. The loan has a three-year term, but could be extended by up to two additional years ...
Kennedy Wilson has paid $63 million, or $266,949/unit, for the Vizcaya Apartments, a 236-unit affordable-housing complex in Santa Maria, Calif.
The buyer has lined up $37.7 million of financing from Freddie Mac that pays a coupon of 3.77 percent. The 10-year loan requires only interest payments for its first five years, after which it amortizes on a 30-year schedule.
The Beverly Hills, Calif., real estate investment and services firm has received $34.2 million in financing from Freddie Mac for the purchase. The debt has a seven-year term and fixed rate of 4.07 percent.
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© 2023 Commercial Real Estate Direct All rights reserved..