December 19, 2016 Comments Off on Newmark Realty Capital Closes $38.8M OC MF Loans Views: 178 California, California News, Orange County, West

Newmark Realty Capital Closes $38.8M OC MF Loans

San Francisco-based Newmark Realty Capital Inc. arranged permanent financing totaling $38.8 million for two 400-unit, garden style apartment communities in Orange County, CA. The total refinancing includes two separate loans consisting of a $20-million loan on a property in Santa Ana, and an $18.8-million loan on a property in Orange.

The 15-year interest only loans were placed with one of Newmark’s correspondent life insurance company lenders. Newmark will also service the loan.

Newmark’s George Mitsanas and Doug Tisdale arranged the fixed-rate, non-recourse financing for the borrower, a Beverly Hills based developer.

Established in 1991, Newmark is an independent commercial mortgage banking firm with regional offices throughout the western U.S.

Connect With Newmark’s Mitsanas

For comments, questions or concerns, please contact Dennis Kaiser

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