Northmarq Arranges $46.5M Refinancing for Union Apartments in Chula Vista, California

CHULA VISTA, CALIF. — Northmarq, in partnership with Ballast CRE, has secured $46.5 million in financing for Union Apartments in Chula Vista, just south of San Diego.

Union Apartments features 170 units, a pool, spa, clubhouse, playground, barbecue areas and a fitness center.

Aaron Beck, Wyatt Campbell and Conor Freeman of Northmarq’s San Diego office, in collaboration with Mikee Anderson-Mitterling of Ballast CRE, arranged the loan for the undisclosed borrower through Northmarq’s Fannie Mae DUS platform.