SACRAMENTO—The Sacramento apartment market continues to improve in both rates and occupancy as the combination of a lack of new supply and an improving job market is expected to further lead to a positive effect on housing fundamentals. With regard to the improving multifamily market, two Sacramento-area apartment communities have been acquired, totaling 640 units in Roseville, CA and Rancho Cordova, CA. PCCP LLC provided in excess of $100 million in senior loans to Sacramento-based Oakmont Properties for the two-property acquisition.  

Philip Russick, principal with PCCP, tells “These loans fit into PCCP’s strategy of lending against quality real estate with experienced borrowers.”

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