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$100 Million-Plus Loan Ask Has Limited Lender List

MOUNTAIN VIEW, CA—A mega-loan ducks in just under the run-up in treasury yields with a combination of loan proceeds, interest only, prepayment flexibility and the ability to rate lock at term sheet for a 60s-era multifamily property near Google.

Madrone Apartments Madrone underwent extensive renovations in 2008 and 2014.

MOUNTAIN VIEW, CA—When housing is barely keeping up with employment demands, a multifamily property in the thick of it is a prime asset. One class-A property, Madrone Apartments, benefits from its location in the heart of Silicon Valley and its borrowing power is proof of that.

Located at 111 North Rengstorff Ave., Madrone is located near major employers, two downtown corridors, regional shopping destinations, parks and recreation, top-rated schools, two Caltrain stations and key freeways. Within two miles are the Googleplex and The Village at San Antonio Center, a Safeway-anchored shopping and dining hub.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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