The Los Angeles office of Holliday Fenoglio Fowler reports that itarranged financings totaling $7.6 million for the Spring Laketransaction, with HFF's Mark Wintner placing a $7 million, two-yearadjustable-rate loan and a $600,000, fixed-rate interim bridge loan onthe property, both through US Bancorp and both to be serviced throughHFF. The Spring Lake complex is situated on nearly two acres, close to Cypress College and freeways. The five two-story buildings contain 44 two-bedroom, two-bath units, two two-bedroom, one-bath and eightthree-bedroom, two-bath units. All are built over a central parking garage with 133 spaces. Other features include a swimming pool andspa, a children's playground, a basketball court and four laundry rooms. The property was 100% leased at the time of the sale.
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