X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

GARDEN GROVE, CA-The owner of a 239-unit apartment complex in this Orange County city has supplanted higher-rate bond financing with a new $20 million, 10-year loan in the 4% interest range, according to Holliday Fenoglio Fowler, which arranged the refinancing. HFF managing director David Bleiweiss reports that Bertram Partners Inc.’s new 10-year loan is a fixed-rate Fannie Mae DUS financing. The new loan replaced higher-rate bond financing that was previously encumbering the property.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.