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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.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Financing
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