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California  + Bay Area  + Finance  | 

NKF Arranges $208M in Refi’s California MFs

NKF’s Multifamily Capital Markets team arranged a $167.85 million loan for the refinance of Summer House Apartments in Alameda, CA, as well as a $40.3 million loan for the refinance of Emerald Hills in Monterey Park, CA. Both loans were executed with Freddie Mac.

Summer House Apartments, located on Alameda Island, comprises 615 units. The 184-unit Emerald Hills complex is located at 855 West El Repetto Dr., east of Downtown Los Angeles.

NKF’s Mitch Clarfield, Stephen Gianoplus, Ramsey Daya, and Josh Braceros led the effort on the refinance of Summer House Apartments. Clarfield and Ryan Greer arranged the 10-year refinancing of Emerald Hills on behalf of a private, Los Angeles-based owner and repeat NKF and Freddie Mac select sponsor.

“Some would say that the sponsor could not have picked a more difficult time to refinance Summer House Apartments, but Newmark and Freddie Mac partnered to provide a great execution,” said Clarfield.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
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