NorthMarq Capital finalizes $97.25 million refinance for multifamily in Santa Clarita via Freddie Mac’s Green Advantage program

Santa Clarita Multifamily
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LOS ANGELES (February 14, 2018) – Ory Schwartz, senior vice president/managing director of NorthMarq Capital’s Los Angeles regional office, has secured $97.25 million in refinancing for two multifamily properties in Santa Clarita, California on behalf of Beverly Hills-based developer G.H. Palmer Associates. The deals were structured with 10 year interest-only loan terms. NorthMarq arranged financing for the borrower through its Freddie Mac platform utilizing the Green Advantage program.

Sand Canyon Ranch: Located at 28856 North Silver Saddle Circle, this 255-unit multifamily property received refinancing of $39.4 million.

Sand Canyon Ranch offers sensational views with an elegant and carefree lifestyle at an affordable rate. The Village Apartments: Located at 23700 Velle Del Oro, this 384-unit multifamily property received refinancing of $57.85 million.

The Village Apartments provide breathtaking views and take comfort to the next level by supplying an endless variety of floor plans and amenities to retreat from everyday life. “

We arranged the cash out refinances of Sand Canyon Ranch and The Village Apartments in Santa Clarita,” said Schwartz. “The two properties total 639 units and the 10 year full term IO loans were cash out refinances to retire the existing bond financing and supplemental Freddie Mac loans.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.