March 6, 2020 Comments Off on ColRich Refinances San Marcos Apartments for $38M Views: 1556 California News, Inland Empire

ColRich Refinances San Marcos Apartments for $38M

Order Reprints...

Cleveland-based KeyBank Real Estate Capital has secured $37.7 million of Fannie Mae financing for ColRich, a family-owned residential real estate company based in San Diego, to refinance a San Marcos, CA, multifamily property located at 152 N Twin Oaks Valley Rd.

Built in 2019, the 118-unit Anden Apartments complex is comprised of 24 three-story buildings on 7 acres of land. Amenities of the pet-friendly property include two-car garages, oversized decks, a resort-style pool and spa, fire pits and a barbecue area with grilling stations. Units are available in two- and three-bedroom configurations.

The financing is a 15-year, fixed-rate loan with a seven-year, interest-only period.

John Loshbaugh of KeyBank’s Commercial Mortgage Group structured the financing.

Connect With Keybank’s Loshbaugh

Get CRE News in 150 words

For comments, questions or concerns, please contact Chris Egger

Tags: ,

Comments are closed.