203 Unit Multi-Family - Northern California
Sunnyvale, CA
$15,000,000
173,560 Sq. Ft.
Overview
The subject property is a 203 unit apartment complex with multiple buildings, totaling 173,560 sf on over 9 acres of land in a sub market of San Joes, CA. The property’s owners were interested in a partner buyout and restructuring. The property was valued at nearly $80,000,000.00.
Pathfinder was able to provide the borrower’s a loan from a life insurance company with a low fixed rate that is fixed for 15 years. We were also able to help the borrower restructure the existing debt along with providing over $13,000,000 in cash out to complete the partnership restructuring.
Pathfinder was able to provide the borrower’s a loan from a life insurance company with a low fixed rate that is fixed for 15 years. We were also able to help the borrower restructure the existing debt along with providing over $13,000,000 in cash out to complete the partnership restructuring.
