Chatsworth Senior Apartment Community Secures a $30M Refinance
JLL Capital Markets has arranged a $30.3 million refinancing of Nantucket Creek, a 172-unit, garden style, 55+ apartment complex in Chatsworth, CA. JLL worked on behalf of the the borrower, Universe Holdings to secure the 10-year fixed rate loan through Freddie Mac.
The refinance will be serviced by JLL Real Estate Capital, LLC, and proceeds from the loan provided a return of equity to Universe’s balance sheet. “The attractive financing from JLL allows us to optimize our investment as well as provide us with a significant amount of fresh capital to pursue future acquisitions,” said Universe Holdings’ Henry Manoucheri in a news release.
Located at 9225 Topanga Canyon Rd., Nantucket Creek is comprised of one- and two-bedroom units which feature hardwood floors, large closets and private balconies. The community amenities include a clubhouse, billiards room and walking trails and has easy access to local retail and dining as well as the West Hills Hospital and Medical Center.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.