Summerdale Apartments

$3,000,000 Multifamily Loan from Life Insurance Company

City: Anaheim, CA
Loan amount: $3,000,000
Lender type: Life Insurance Company
Property type: Multifamily
Size: 34 Units

Transaction description

Grady Seldin and Thomas Rudinsky of PSRS arranged the $3 million refinance of a multifamily property in Anaheim, California. The subject property consists of 34 units and was constructed in 1978 with multiple renovations since its inception. The property has various amenities like a pool, on-site laundry, gated facility, HVAC, etc. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a non-recourse loan, with a seven-year, interest-only term.

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