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

Santa Clarita Multifamily

Debt & Equity

Multi-Tenant

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.”

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About Northmarq

Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.