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Pacific Urban Furnishes Preferred Equity Toward $150M Purchase
Pacific Urban Investors’ Structured Finance Group provided preferred equity to Archway Equities to facilitate the $150-million acquisition of The Paseos at Montclair, a 385-unit multifamily community located in the Inland Empire community of Montclair.
Built in 2014, the garden-apartment style community features a unit-mix of studio, one-, two- and three-bedroom Santa Barbara-inspired townhomes built around a central linear park with a concert amphitheater. In proximity to Interstates 10 and 210, the property is within walking distance of the Montclair Transitcenter, an intermodal facility providing bus and train service throughout the region.
“We are very excited to partner with an experienced sponsor like Archway Equities and participate in the acquisition of high-quality real estate in Southern California,” said Ash Baraghoush, managing director with PUI’s Structured Finance Group.
- ◦Sale/Acquisition
- ◦Financing
