VAN NUYS, CALIF. – The 52-unit Terraces at the Lake in Van Nuys has sold to a private capital investor for $9.2 million. The community is located at 16550 Vanowen Street. Warren Berzack and Stephen Geiger of The Berzack Group and Lee & Associates-LA North/Ventura represented both the buyer and the seller, another private capital investor, in this transaction.
Western
CHULA VISTA, CALIF. — L Street Self Storage Park, an 86,770-square-foot self-storage facility in Chula Vista, has received $6.3 million in permanent financing. The non-recourse loan features a 10-year term with a 30-year amortization period. It was arranged by James Dick of Newmark Realty Capital.
ALBUQUERQUE – The 80-unit Highland Park Apartments in Albuquerque has received a $3-million acquisition loan. The loan features a 4.13 percent interest rate, a 10-year, fixed-rate term and a 25-year amortization period. It was originated by Matt Stevens of Alliant Capital LLC.
SALT LAKE CITY – The 27-unit Victoria House Apartments in Salt Lake City has received a $1-million refinance loan. The loan features a 4.28 percent interest rate, a 10-year, fixed-rate term and a 30-year amortization period. It was originated by Matt Stevens of Alliant Capital LLC.
VAN NUYS, CALIF. – The 52-unit Terraces at the Lake in Van Nuys has sold to a private capital investor for $9.2 million. The community is located at 16550 Vanowen Street. Warren Berzack and Stephen Geiger of The Berzack Group and Lee & Associates-LA North/Ventura represented both the buyer and the seller, another private capital investor, in this transaction.
CHULA VISTA, CALIF. — L Street Self Storage Park, an 86,770-square-foot self-storage facility in Chula Vista, has received $6.3 million in permanent financing. The non-recourse loan features a 10-year term with a 30-year amortization period. It was arranged by James Dick of Newmark Realty Capital.
ALBUQUERQUE – The 80-unit Highland Park Apartments in Albuquerque has received a $3-million acquisition loan. The loan features a 4.13 percent interest rate, a 10-year, fixed-rate term and a 25-year amortization period. It was originated by Matt Stevens of Alliant Capital LLC.
SALT LAKE CITY – The 27-unit Victoria House Apartments in Salt Lake City has received a $1-million refinance loan. The loan features a 4.28 percent interest rate, a 10-year, fixed-rate term and a 30-year amortization period. It was originated by Matt Stevens of Alliant Capital LLC.
SAN PEDRO, CALIF. – The 107-unit La Corona Del Mar Apartments in San Pedro has received $6 million in refinancing. The loan features a 3.87 percent interest rate, a 10-year, fixed-rate term and 10 years of interest-only payments. It was originated by Don Frankman of Alliant Capital LLC.
WEST COVINA, CALIF. – A 42,000-square-foot Ashley Furniture HomeStore has opened at Eastland Center in West Covina. The stand-alone building was previously occupied by Babies “R” Us. It is located 2753 E. Eastland Center Drive. Ashley was represented by Hodgdon Realty Group and Cole Real Estate Investments in this lease transaction. The Hodgdon Group also handled the entitlements and served as the design-build contractor on the building.