SAN DIEGO-Universe Holdings Development Co. has secured more than $56 million in refinancing for nine multifamily properties in Southern California. Holliday Fenoglio Fowler LP arranged the financing through Freddie Mac.

The properties are located in San Diego and Los Angeles counties. Los Angeles-based Universe Holdings received $5.4 million for The Terraces at Spring Street and $7.3 million for The Hills at Spring Street Apartments in La Mesa. The refinanced portfolio comprises 536 apartment units. For the full story, go to San Diego Business Journal . News Hub is your link to relevant real estate and business stories from other local, regional and national publications.