February 25, 2016 Comments Off on Starwood Capital Obtains $1.4B in Financing Views: 957 California News, Connecticut, National News, Northeast, Orange County

Starwood Capital Obtains $1.4B in Financing

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Starwood Capital Group, based in Greenwich, CT, has obtained $1.4 billion in Freddie Mac acquisition financing, with help from Irvine, CA-based Berkeley Point Capital. The loans were obtained for a five-state multifamily portfolio.

The 10-year, floating-rate loans include a five-year interest-only period, and a 30-year amortization schedule.

The portfolio contains 8,597 units in California, Colorado, Florida, Maryland and Virginia. The properties were built from the mid-1960s to the late 2000s.

Charlie Haggard and Kevin Mignogna, with Berkeley Point’s Irvine office, secured the loans for Starwood Capital.

Read More at Real Estate Business Online

Connect with Berkeley Point’s Haggard and Mignogna

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