Berkadia Closes Five-Year Loan Through Freddie Mac

Berkadia recently closed the refinancing of The Fountains of Fair Oaks, a 270-unit, garden-style multifamily property in Fair Oaks. Managing director Allan Freedman of Berkadia Los Angeles secured $44.5 million in refinancing through Freddie Mac on behalf of The Ezralow Company. The five-year loan is interest-only.

“The client wanted a short-term fixed rate loan while they contemplate the future for the asset,” said Freedman. “The full-term interest-only option provides exceptional cash flow to the client.”

The Fountains of Fair Oaks was built in 1975-1976 and completely renovated in 2012. Located at 4800 Sunset Terr., the property is located near the Sunrise Mall, Downtown Sacramento and Sacramento International Airport.  

Community amenities at the pet-friendly property include a clubhouse, spa, fitness center, bike rooms, basketball court, tennis court, 24-hour parcel room, large decks with barbeques and fire pit, lounge, 24/7 resident payment portal, gardens with courtyards, courtesy patrol, business center, controlled access and six laundry facilities.

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