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The Domain The Domain includes four and five residential stories built over ground-level parking.

SAN JOSE—Many factors were at play for a recent Freddie Mac loan for repeat Newmark Knight Frank/Freddie Mac sponsor, Prime Residential. The $166 million loan was recently obtained for the acquisition of Domain Apartments, a 444-unit property that was built in 2014.

NKF was able to provide flexibility for Prime during the bidding process and throughout the transaction. NKF executive managing director, Mitch Clarfield, with director Ryan Greer, provided the 10-year full term interest-only debt at 65% loan to value. NKF also worked closely with Prime and Freddie Mac to determine that the property qualified for a Green-Up execution, which removed the transaction from Freddie Mac’s annual production cap, allowing Freddie Mac to offer additional interest rate savings to Prime.

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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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