Lender refinances multifamily loan
CWCapital,
a subsidiary of
CW Financial Services
and lender to the multifamily and health care real estate industries, announced it has refinanced
Marbella Villa Apartments
in Chino, lending
$10 million
on the 106-unit property. "The 10-year fixed-rate loan was financed through CWCapital's Agency Lending Group and was originated by
William Battaglia,
vice president in CWCapital's Irvine office," states a news release. "The loan was executed through the
Fannie Mae DUS program. Although
located in a pre-review market, the property and the submarket in
general have demonstrated consistent performance during the recent
economic downturn."
Leave a comment