SAN LEANDRO, CA—GlobeSt.com has exclusively learnedthat Centerline Capital Group, a provider of realestate mortgage services for affordable and conventionalmultifamily housing, has refinanced Terrace Garden Apartments here,and has also arranged Fannie Mae DUS loans for three multifamilyproperties in Oregon.
For the San Leandro, CA-deal, the company provideda full term interest only Fannie Mae loan in the amount of $5.5million loan to refinance Terrace Garden Apartments, a propertycomprised of one, four-story apartment building and a one-storyclubhouse.
Built in 1964, the property includes a total of 77garden-style units situated on 2.19 acres of land. The unit mixincludes 35 one-bedroom, one-bathroom units and 42 two-bedroom,one-bathroom apartments. Parking is provided on-site with 88 openparking spaces.
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