About these 2019 Refinances

Landing at Fancher Creek is a 476 unit apartment community purchased by our client 5 years ago and has been completely renovated by our client over the past three years. We were able to arrange a cash-out refinance loan in the amount of $31,500,000 which netted our client $12,500,000. The Landing at Fancher Creek offers four spacious floor plans to suit your family’s needs. All floorplans are cable-ready and include a fully equipped kitchen, central air and heating, and spacious walk-in closets. All units, except 2×1 floorplans, come with washer/dryer connections. Upstairs homes also feature vaulted ceilings! Landing at Fancher Creek offers 4 different floor plans: one bedroom and one bathroom units at 620 square feet of living space, two bedrooms with one or two bathrooms starting at 749 square feet through 889 square feet of living area, and three bedrooms with two bathrooms with 1050 square feet of living area. Every apartment comes with access to our community features, which include three refreshing pools, sparkling ponds, covered parking, onsite laundry facilities, tennis courts, breathtaking landscapes, detached garages, onsite maintenance and the security of a gated community.

Torrey Ridge Townhomes and Lofts is a 420 unit apartment community which was also purchased 5 years ago and has gone through a complete renovation during the past three years. We were able to arrange a cash out refinance loan in the amount of $32,500,000 which netted our client $11,000,000 plus. The Torrey Ridge Townhomes and Lofts offer 7 different floor plans: one bedroom and one bathroom units starting at 703 square feet through 769 square feet of living space, two bedrooms with one or one + one half bathrooms starting at 904 square feet through 1200 square feet of living area, and three bedroom with two or two and one half bathrooms starting at 1330 square feet through 1470 square feet of living area. The property is located on over 53 acres of parklike land and offers amenities such as 4 dazzling swimming pools, Tennis and Volley Ball Courts, Picnic and Barbeque areas, Patios and Backyards, Playgrounds and Soccer Field, Fully equipped Fitness Center, Outdoor Fitness trail, Club House and Business Center. The Torrey Ridge community is also Pet Friendly.

 

60

Day Close

5

Year Fixed at 4.30%

63-67

Loan to Value

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