SVP Alex Kane and VP Matt Radichof Northmarq’s Newport Beach debt/equity office arranged the $25- million refinance of Calabasas Village Mobile Estates. The 210-unit manufactured housing community was originally built in 1973 and is located at 23777 Mulholland Hwy. in Calabasas.
The transaction was structured on a 10-year term, full term interest-only, and the highly competitive process resulted in attractive terms for the borrower. Northmarq secured the permanent fixed rate loan for the borrower through a life insurance company relationship.
“Trophy assets like Calabasas Village are few and far between in today’s market,” said Kane. “Given the highly competitive marketing process, the terms we were able to achieve were well inside any other deals we are seeing in today’s market.”
The post Northmarq Arranges $25M Refi of Calabasas Manufactured Homes appeared first on Connect CRE.
SVP Alex Kane and VP Matt Radichof Northmarq’s Newport Beach debt/equity office arranged the $25- million refinance of Calabasas Village Mobile Estates. The 210-unit manufactured housing community was originally built in 1973 and is located at 23777 Mulholland Hwy. in Calabasas. The transaction was structured on a 10-year term, full term interest-only, and the highly competitive process resulted …
The post Northmarq Arranges $25M Refi of Calabasas Manufactured Homes appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate