SAN DIEGO-Universe Holdings Development Co. has secured morethan $56 million in refinancing for nine multifamily properties inSouthern California. Holliday Fenoglio Fowler LP arranged thefinancing through Freddie Mac.
The properties are located in San Diego and Los Angelescounties. Los Angeles-based Universe Holdings received $5.4 millionfor The Terraces at Spring Street and $7.3 million for The Hills atSpring Street Apartments in La Mesa. The refinanced portfoliocomprises 536 apartment units. For the full story, go toSan Diego Business Journal .
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