Värde Provides $105 Million Loan for Newly Developed Multifamily Property in Belmont, CA

REFINANCED: The Artisan Crossing 
apartment complex in Belmont, CA. 

 

Tom Gilliland

MINNEAPOLIS, MN – Värde Partners, a leading global alternative investment firm specializing in credit and credit-related assets, today announced that it has provided Windy Hill Property Ventures, a firm specializing in real estate development in the Greater Bay Area, with $105 million in construction takeout refinancing for the Artisan Crossing apartment complex in Belmont, California. 

 

The bridge financing supports the lease-up of the newly developed 250-unit multifamily community, which is positioned to capture demand for premium rental options around the Silicon Valley area. 

The floating rate loan, which has a three-year initial term with two one-year extension options, was arranged by JLL led by Chris Gandy and Tom Gilliland. 

Artisan Crossing is conveniently located near the Belmont Caltrain and features generous amenities, such as a fitness center, pool, dog spa, clubroom with rooftop deck, conference room, work pods and underground parking. 

Jon Miller

“We are delighted to partner with Windy Hill Property Ventures on Artisan Crossing, a rare institutionally scaled Mid-Peninsula multifamily community in the high-demand Silicon Valley housing market,” said Jon Miller, Managing Director at Värde.

 “Värde takes pride in being a trusted capital solutions partner for strong commercial real estate sponsors.” 

Värde has 30 years of experience investing in real estate and has originated more than $7 billion in commercial real estate loans since 2017. 

Through its CRE lending program, Värde is a non-recourse, balance sheet lender financing all major asset classes.

 Värde focuses on providing flexible capital and certainty of execution to meet the needs of experienced real estate investors.

 

Chris Gandy

About Värde Partners

 

Värde Partners is a leading global alternative investment firm specializing in credit and credit-related assets. 

Founded in 1993, the firm has invested more than $100 billion across the credit quality and liquidity spectrum in both public and private markets. 

Värde currently manages over $13 billion in assets with teams in North America, Europe and Asia Pacific focused on Corporate & Traded Credit, Real Estate and Financial Services & Diversified Private Credit. 

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