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Newmark Completes Trio of Structured Finance Deals Totaling $78M
Newmark completed a trio of commercial mortgage finance transactions totaling $77.7 million for multifamily, industrial and office properties across Orange County. The refinancing loans for separate entities were strategically structured by Newmark, an independent commercial mortgage banking firm, to take advantage of historically low interest rates, which are expected to rise through the second half of 2018 into 2019.
Newmark’s George Mitsanas says, “Orange County is as good as a market as you can find for structuring advantageous loans for refinancing, improvement or acquisition in this transitioning phase of the market. Lender allocations are clearly targeted for markets that enjoy a healthy regional economy and solid fundamentals.”
The structured finance deals include:
– $54 million in fixed-rate financing for Artisan Apartments (pictured), a 13-building, garden-style community with 277 recently-renovated units in Huntington Beach, CA (Mitsanas and Chandler Hogue arranged the financing)
– $16 million in fixed-rate financing for One Polaris, a three-story more than 75,000-square-foot Class A office building in Aliso Viejo, CA (Mitsanas, Peter Hillakas, and Hogue arranged the financing)
– $7.7 million in fixed-rate financing for a portfolio of industrial buildings totaling nearly 150,000 square feet in Anaheim, CA (Mitsanas and Hogue arranged the financing)
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing




