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ORANGE COUNTY, CA—Michael T. Elmore,EVP/managing director NorthMarq Capital's LosAngeles-based regional office, has arranged therefinancing of three multifamilyproperties in Orange County for a combined total of $58.1 million.The borrower on all three transactions was Advanced RealEstate Services.
The three properties involved are Serena Vista,a 172-unit asset at 10300 Hacienda Ave. inFountain Valley, which was refinanced at $27.3 million;Villa del Sur, a 112-unit property at 2701W. McFadden Ave. in Santa Ana, which was refinanced at$12.6 million; and Cantabria Apartments, a 97-unitproperty located at 7835 Oleander Circle in BuenaPark, which was refinanced at $13.8 million.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
