CAPMARK FINANCE INC. ARRANGES $107 MILLION LOAN FOR MULTIFAMILY PROPERTIES

ORANGE COUNTY, CALIF. — Capmark Finance Inc., on behalf of Security Properties Inc., has arranged more than $107 million in debt and equity for the acquisition of Nutwood West Apartments in Fullerton, Calif., and the Muni Mae Seattle portfolio in Washington. Capmark secured $33.25 million for the acquisition of Nutwood West Apartments, a 248-unit garden-style apartment community located at 2404 E. Nutwood Ave. The company also arranged a $48.6 million loan for the purchase of the 564-unit Muni Mae Seattle portfolio, which includes Gilman Meadows in Issaquah, Wash.; Mallard Cove in Everett, Wash.; and Mountain View Apartments in Fife, Wash. In each transaction the debt was supplemented with an equity investment of approximately $13 million provided by an affiliate of Capmark Investments LP. Prudential Mortgage Capital funded both loans, which were originated by Jason Krupoff of Capmark Finance’s Orange County office.