BWE, a leading commercial real estate finance firm, has successfully secured $224.7 million in financing for a multifamily portfolio consisting of six properties and 1,192 units located in Orange County. The portfolio was refinanced to provide equity for the acquisition of the sixth property, Regency Palms in Huntington Beach.
The loans were originated by BWE’s SVPs Jason Krupoff and Doug Taylor from their Irvine office on behalf of a repeat client who is an experienced investor-operator in Orange County’s multifamily market. The financing includes three loans totaling $90.65 million from one of BWE’s correspondent life companies and another three totaling $134.05 million through Fannie Mae.
All six loans are non-recourse permanent transactions with fixed rates and have terms ranging between five to ten years with 30-year amortization periods; the agency loans also offer initial interest-only payments.
This successful transaction showcases BWE’s expertise as well as its strong relationships with lenders across various capital sources that allow them to secure competitive financing solutions for their clients’ needs.
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