TRI COMMERCIAL BROKERS $13.3 MILLION BANK NOTE SALE FOR 168-UNIT MULTIFAMIL

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VICTORVILLE, CALIF. — The Housing Authority of San Bernardino County has acquired a $13.3 million bank note for The Andalusia, a new 168-unit multifamily property located at 13520 Third Ave. in Victorville. At the time of acquisition, 128 units were completed with 90 percent occupancy. The buyer plans to complete construction on the remaining 40 units. The property consists of 42 two-story buildings offering two- and three-bedroom units. Other amenities include a clubhouse and a swimming pool. Anton Qiu of TRI Commercial/CORFAC International brokered the deal.

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