FOLSOM, CA—NorthMarq Capital's Los Angeles regional office has finalized the $28.5 million refinance of Fairmont at Willow Creek, a 260-unit multifamily property located at 200 S. Lexington Drive in Folsom. The transaction was structured with a 10-year interest only term. NorthMarq's Michael Elmore, executive vice president/managing director of the regional office arranged financing for the CWS Capital Partners through its Fannie Mae DUS lender.
The property features community amenities including: swimming pool and spa; play area; high-endurance fitness center; executive business center with DSL availability and high-speed internet access; extensive parking options. Apartment features include: custom kitchens; cable/satellite availability; expansive private patios and balconies; fireplaces and a full size washer and dryer in every residence.
CWS Capital Partners LLC is a fully integrated real estate investment management company specializing in the acquisition, development, and repositioning of apartment communities in fast growing American cities. NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides mortgage banking and commercial loan servicing in 34 offices coast to coast.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
