Berkadia successfully refinanced The Fountains of Fair Oaks, a 270-unit multifamily property in Fair Oaks. Allan Freedman, managing director at Berkadia Los Angeles, secured $44.5 million through Freddie Mac on behalf of The Ezralow Company for the garden-style complex built in 1975-1976 and renovated in 2012. This five-year loan offers interest-only payments.
According to Freedman, the client desired a short-term fixed rate loan while considering future plans for the property. With its full-term interest-only option, this financing provides exceptional cash flow.
Conveniently located near Sunrise Mall and Downtown Sacramento with easy access to Sacramento International Airport, The Fountains of Fair Oaks at 4800 Sunset Terraces offers pet-friendly living with amenities such as a clubhouse, spa fitness center,bike rooms,basketball court tennis court,and more including controlled access and six laundry facilities.
Join industry leaders and power players at Connect Phoenix Multifamily & Single-Family Build-to-Rent on April 18th at Westin Kierland Resort & Spa where experts will discuss market trends and upcoming changes.Register now!
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