FOLSOM, CA—NorthMarq Capital's Los Angelesregional office has finalized the $28.5 million refinance ofFairmont at Willow Creek, a 260-unit multifamilyproperty located at 200 S. Lexington Drive in Folsom. Thetransaction was structured with a 10-year interest only term.NorthMarq's Michael Elmore, executive vicepresident/managing director of the regional office arrangedfinancing for the CWS Capital Partners through itsFannie Mae DUS lender.
The property features community amenities including: swimmingpool and spa; play area; high-endurance fitness center; executivebusiness center with DSL availability and high-speed internetaccess; extensive parking options. Apartment features include:custom kitchens; cable/satellite availability; expansive privatepatios and balconies; fireplaces and a full size washer and dryerin every residence.
CWS Capital Partners LLC is a fully integrated real estateinvestment management company specializing in the acquisition,development, and repositioning of apartment communities in fastgrowing American cities. NorthMarq Capital, the largest privatelyheld commercial real estate financial intermediary in the U.S.,provides mortgage banking and commercial loan servicing in 34offices coast to coast.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
