Pinecrest Apartments

$5,750,000 Acquisition Financing of a 57-unit multifamily property

City: San Bernardino, CA
Loan amount: $5,750,000
Lender type: Bank
Property type: Multifamily
Size: 57 Units

Transaction description

Pasha Johnson of PSRS arranged the $5.75MM acquisition financing of a 57-unit multifamily property in San Bernardino, CA. The lender underwrote operating expenses on a go-forward basis in order to reach a loan amount substantially higher than the competition. The borrower locked in a rate in the 2%s with a year of interest-only payments.

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