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California  + Orange County  + Finance  | 

NorthMarq Arranges $252M Financing for SoCal MF Portfolio

NorthMarq Capital arranged $251.5 million in financing for a portfolio of eight apartment communities throughout Orange and Los Angeles counties. Seven of the loans were refinance transactions, and one, Stadium House, was an acquisition. The properties, which include 1,261 apartment units, are all owned and managed by Irvine, CA-based Advanced Real Estate Services, Inc.

The assets include:
– Artists Village Apartments (pictured), a 197-unit property at 300 West 2nd St., Santa Ana
– Stadium House, a 251-unit property at 2100 East Katella Ave., Anaheim
– The Parsons, a 60-unit property at 2000 Parsons St., Costa Mesa
– Eastside, a 98-unit property at 126 E. 18th St., Costa Mesa
– The Courtyards, a 153-unit property at 12401 Studebaker Rd., Norwalk
– Tierra Palms, a 144-unit property at 12301 Studebaker Rd., Norwalk
– Somerset, a 256-unit property at 336 N. Garfield Ave., Montebello
– Northwind, a 102-unit property at 16227 Eucalyptus Ave., Bellflower

NorthMarq’s Michael T. Elmore arranged the transaction that was structured with a 10-year term, interest-only with average interest rate of 4.2%. The financing was through Fannie Mae.

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
  • ◦Sale/Acquisition
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