California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


California  + Bay Area  + Finance  | 

NKF Delivers $60M Life Insurance Company Financing for Silicon Valley MF

NKF closed a $60 million delayed acquisition financing on Revere Campbell Apartments, on behalf of Land and Houses USA, Inc. The a 168-unit apartment community was completed in 2015 and is located at 1725 S. Bascom Ave. in Campbell, CA.

The borrower acquired the property in 2017 for $119 million and sought to take advantage of historically low interest rates. The five-year, fixed-rate loan term, which also provided prepayment flexibility in year five, aligned with its investment objectives.

NKF’s Mike Poe, Kevin Mignogna and Charlie Haggard coordinated the debt placement through a life company for an apartment project originally envisioned as a condominium project.

Poe says, “[Land & Houses], along with the FPI management team, demonstrated tremendous knowledge of the asset and its market, making it easy for us to gain immediate approval, secure an accretive 110 over spread, lock at a 3.83% interest rate ahead of the treasury run-up and close the transaction well ahead of schedule.”

Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser


Inside The Story

Connect With NKF’s Poe

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.

Step 1: Select Education
  • ◦Financing
New call-to-action
New call-to-action