SAN FRANCISCO—Although details still remain mum, GlobeSt.com has learned that Centerline Capital Group, a provider of real estate mortgage services for affordable and conventional multifamily housing, has provided $120 million in Fannie Mae financing for a portfolio of multifamily properties located in Northern California.
The loans have 10-year terms and are interest-only for the duration of the loan. “The Borrower is a financially strong, seasoned multifamily investor with a long term relationship with Fannie Mae,” says Adam Leiden, VP at Centerline. “The properties are in good condition and are located in the Bay area which is enjoying strong occupancy and rent growth.”
The loans were provided in 49 days from application to closing, adds Richard Olrich, managing director at Centerline. The Centerline deal team included: Leiden, Olrich, Blanca Terrazes, Vanessa Howes and Stephanie Kwok.
Centerline could not provide GlobeSt.com with any further details at this time, but we will update this story as we learn more.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
