SAN DIEGO, CA – The San Diego office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $3.335 million refinancing for Silver Oaks Apartments, a 57-unit multi-housing community in El Cajon, California.
HFF associate director Rob Hinckley and senior managing director Tim Wright (top right photo) worked exclusively on behalf of the borrower, a Linda Vista, California-based private investor, to secure the 10-year, 5.90% fixed-rate Fannie Mae loan through Centerline Capital Group.
This loan was originated to pay off a seller’s note and secure historically low-priced long-term debt.
Silver Oaks Apartments is located at 945 Estes Street close to Interstate 8 in El Cajon, approximately 12 miles northeast of downtown San Diego. The property has one- and two-bedroom units and is currently 98% occupied. Community amenities include a pool and on-site laundry and storage facilities.
Contacts:
Timothy Wright, HFF Senior Managing Director, (858) 552-7690, twright@hfflp.com
Rob Hinckley, HFF Associate Director, (858) 552-7690, rhinckley@hfflp.com
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com
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