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Advanced Real Estate Services has secured $56 million to refinance the Highland Pinetree Apartments, a 320-unit apartment community located at 1501 South Highland Avenue in Fullerton.

The permanent fixed-rate financing was structured with a fully amortizing 10-year term at an interest rate of 3.74%. This refinance provided $28 million in net cash out that will be used for acquisitions.

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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