Highland Realty Capital procured a $22 million construction take-out bridge loan to fund the lease-up and stabilization of Scotia Apartments in San Jose, along with three other loans for a total of $61 million.
The sale of the 288-unit Caliber at Flatirons closed despite the crippling shutdown resulting from the coronavirus pandemic.
JLL Capital Markets Senior Director Tarik Bateh, one of the leads on the debt placement team for the loan, says the market “continues to attract core real estate investment capital.’
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