1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

Quantum Capital Partners Secures $12 Million Cash Out Refi for Owner of LA-Area Apartment Community


 
PRLog - Aug. 25, 2014 - BEVERLY HILLS, Calif. -- Quantum Capital Partners has secured for a Marina Del Rey, CA-based investor operating as 575 Hampshire Road Properties, Inc., a $12 million permanent loan to refinance a gated apartment community in Westlake Village, CA.

         The financing is secured by the Westlake Villas Apartment Homes, a garden-style complex comprising 142 studio, one- and two-bedroom units ranging in size from 700 – 1,150 square feet.   Developed by the sponsor in 1971, and completely renovated in 2010, the highly amenitized property includes a Resident Clubhouse, fitness center, heated pool and spa, saunas and tennis courts.

         The 15-year fixed rate permanent loan from a global financial services company was used to retire an existing Fannie Mae loan originated in 2004.   The financing features interest only at 4.16 percent for the first 10 years with a 30-year amortization over the remaining term.

         “Westlake Villas has enjoyed a strong operating history and has been very competitive in an appreciating market,” said Quantum Capital Partners Managing Director Mike Yim who arranged the financing.  “As a result, we were able to find a life company willing to do a cash out refinance at very attractive terms without requiring a warm body for the carve-out guaranty,” he said.

About Quantum Capital Partners

Beverly Hills-based Quantum Capital Partners (www.quantumcp.com) is a leading mortgage banking firm that provides comprehensive real estate finance and advisory services across all major asset classes. With more than $3 billion of debt and equity financing experience nationwide, Quantum’s principals have developed a diverse network of capital providers that allows their clients to benefit from customized financing structures that encompass the entire capital stack. Quantum's comprehensive knowledge of the capital markets enables them to deliver expert advice for complex real estate transactions.

Contact
Bruce Beck
***@dbrpr.com

--- End ---

Click to Share

Contact Email:
***@dbrpr.com Email Verified
Source:Quantum Capital Partners
Location:Beverly Hills - California - United States
Industry:Finance, Real Estate
Tags:apartment, refinance, cash out, loan, debt
Shortcut:prlog.org/12363400
Verified Account Email Address
Verified Account Phone Number

Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share