October 12, 2017
Berkadia secured a $62.5 million loan to finance Amerige Pointe, a 292-unit multifamily property located in Fullerton, CA. The seven-year fixed-rate treasury loan features a 3.5% interest rate with full-term interest-only.
Located at 1001 Starbuck St., Amerige Pointe consists of studio, one-, two- and three-bedroom units. Amenities include direct access and detached garages, washers and dryers, nine-foot ceilings, island kitchens and oval roman tubs. Community features ,include an indoor sports court, a conference room with a business center, a theatre, a game room, a fully-equipped fitness center and a resort-style pool and spa.
Berkadia’s Jackson Cloak secured the financing for the undisclosed borrower. Quadrant-AXA Equitable Life Insurance Company provided the financing that will be serviced by Berkadia.
Cloak says, “Borrower strength and experience, combined with continuously improving property performance, positioned Amerige Pointe for excellent terms.”
For comments, questions or concerns, please contact Dennis Kaiser