March 6, 2020
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.
For comments, questions or concerns, please contact Chris Egger