Finance Lending
May 28, 2009
Capmark Finance Inc. has originated $17.9 million in debt through its Freddie Mac program for the refinance of Terraces at Highland Reserve, a multi-family property in Roseville, Calif. The floating-rate loan features a seven-year term. The Terraces at Highland Reserve is comprised of 273 units. Senior vice president Tom Bracken of Capmark’s San Francisco office originated the transaction for a fund advised by KBS Realty Advisors.
Capmark Finance Inc. has originated $17.9 million in debt through its Freddie Mac program for the refinance of Terraces at Highland Reserve, a multi-family property in Roseville, Calif. The floating-rate loan features a seven-year term. The Terraces at Highland Reserve is comprised of 273 units. Senior vice president Tom Bracken of Capmark’s San Francisco office originated the transaction for a fund advised by KBS Realty Advisors.
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