LOS ANGELES—Universe Holdings has secured $17 million in Freddie Mac loans for a portfolio of six multifamily properties in Los Angeles. The funds will be used to recapitalize the 118-unit portfolio, which includes Chateau Barry, Chateau Olympic, Chateau Parkside, Chateau Sycamore, Citronia Luxe Towers and Islands of Tranquility, and to fund future acquisitions.

“Freddie Mac has been an amazing partner with Universe Holdings over the past three years, and again was able to provide a comprehensive, fixed rate structure, with the best interest rate and interest only structure available in the market,” Charles Halladay, HFF director, tells GlobeSt.com. Halladay secured the funds on behalf of Universe Holdings.

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