OMAHA, NEB. — Steve Ruff of Q10|Daisley Ruff Financial has arranged a $5.85 million loan for an apartment building in Omaha. The multifamily property offers 156 apartment units. The loan features a 15-year, fixed rate under 4 percent.
BENSALEM, PA. — New Jersey-based The Orbach Group has purchased Hamilton Court East, a 192-unit multifamily community located in Bensalem, for $15.5 million. The property comprises 15 two-story buildings containing one- and two-bedroom units. Rents range from $795 to $1,145. All of the units have been recently renovated or are set to undergo renovations in the coming weeks. The seller's name was not released.
ANAHEIM, CALIF. — Marcus & Millichap has presided over the $6.31 million trade of La Palma Apartments, a 61-unit apartment property located at 317 East La Palma Ave. in Anaheim. Built in 1970 and 95 percent occupied at time of sale, the multifamily property consists of 19 two-bedroom/one-bath units and 42 one-bedroom/one-bath units. Marcus & Millichap’s Hiu Chan represented both the limited-liability-company buyer and the private-investor seller in the transaction.
SPRING, TEXAS — NorthMarq Capital has arranged $12.84 million in Freddie Mac financing for Stoneleigh on Spring Cypress, a 216-unit multifamily community located at 7215 Spring Cypress Road in Spring. The loan carries a 7-year term and a 30-year amortization schedule. William Jackson of NorthMarq's Dallas office arranged the loan on behalf of the undisclosed borrower.
LOS ANGELES — Charles Dunn Co. has arranged the $8.5 million acquisition of a 24,258-square-foot multifamily property located at 16070 W. Sunset Blvd. in the Pacific Palisades area of Los Angeles. The brokerage firm’s Hamid Soroudi represented Xenon Investment Corp. in its purchase from Acron II Partners.
GREER, S.C. — Columbus Pacific Properties (CPP) has acquired West Chase Apartment Homes in Greer. The Class A, 192-unit multifamily property sold for $11.1 million. Situated on 14.23 acres, the property offers spacious units, a resort-style pool, a playground, a pet park, picnic areas, a fitness center, a laundry facility and a car-care center. The buyer secured a 65 percent permanent loan through Walker & Dunlop and George Smith Partners for the acquisition. Mike McGaughy and Jon Kleinberg of Transwestern represented the buyer and seller, Greystar Management Services, in the transaction.
CHICAGO — NorthMarq Capital has arranged $55 million in first mortgage financing for Columbus Plaza in Chicago. Located at 233 E. Wacker Dr., the high-rise multifamily property offers 533 apartment units. The financing was based on a 7-year term with a 30-year amortization schedule. Sue Blumberg of NorthMarq's Chicago Regional office arranged the financing for the borrower, Columbus Plaza Venture LLC, through NorthMarq's affiliate AmeriSphere Multifamily Finance.
LEAWOOD, KAN. — David Farrell of NorthMarq Capital's Kansas City Regional office has arranged $2 million in second mortgage financing for Leawood at Stateline in Leawood. The 254-unit multifamily property is located at 2140 W. 137th Terrace. Financing was based on an 8.5-year term with a 30-year amortization schedule. The loan was arranged through NorthMarq's seller-servicer relationship with Freddie Mac.
CAMP HILL, PA. — Wolfe & Company Realtors has brokered the sale of an 18-unit apartment property located at 2003 Market St. in Camp Hill. Buz Wolfe and Gary Sausser of Wolfe & Co. represented both parties in the deal. The names of the buyer and seller were undisclosed.
PHOENIX — Marcus & Millichap has negotiated the $5.1 million sale of the 236-unit Pines of Camelback, an apartment property located directly across from a Metro light-rail train station at 4802 North 19th Ave. in Phoenix. Now being called Camelback @ the Stop, the property built in 1973 was 75 percent occupied at closing. Marcus & Millichap’s Michael Hubl represented the seller, a special servicer working on behalf of the lender, in the transaction. The buyer, a limited-liability company, plans to redevelop the property as an affordable-housing community.