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
City: Vista
Alexan Melrose Apartments/1401 Melrose Drive
94 percent occupied. The purchase was financed with an $85 million Freddie Mac loan, with a 10-year term, that was arranged by CBRE.
Paseo Palomar/3220 Executive Ridge
fully occupied.
Waterleaf Apartments
97 percent leased. The buyer has obtained $64.65 million of Freddie Mac financing for the property. Walker & Dunlop arranged the fixed-rate debt, which requires interest-only payments for its entire seven year term.
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
