Thursday, January 24, 2013

HFF arranges $40 million financing for Rancho Cucamonga, CA multi-housing community



Santa Barbara Apartments
Rancho Cucamonga, CA
IRVINE, CA – HFF announced  it has arranged $40 million in financing for Santa Barbara Apartments, a newly-constructed, 192-unit multi-housing community in Rancho Cucamonga, California.

                HFF worked on behalf of the borrower, Lewis Operating Corp., to secure the 15-year, forward, fixed-rate permanent loan through Prudential Mortgage Capital Company.

                Santa Barbara Apartments is located at 10855 Church Street close to Interstates 10, 15 and 210, and the Ontario International Airport in Rancho Cucamonga, about 40 miles east of Los Angeles.  Completed in 2012, the property has 25 residential buildings and is 95 percent leased.

Don Curtis
 The HFF team representing Lewis Operating Company was led by senior managing director Don Curtis.

Since 1955, the Lewis Operating Corp. has developed more than 56,000 homes, 10,000 apartments and 14 million square feet of retail, office and industrial space throughout the United States.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

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