Preferred Capital Advisors Announces $42 Million Refinance of the 293-unit Paseo Villas Apartment

SACRAMENTO, Calif. - Sept. 9, 2016 - PRLog -- Matt Swanston, principal with Preferred Capital Advisors exclusively represented the borrower in securing a $42 million for the the refinance of the Paseo Villas Apartments in Manteca, California.  The 10-year interest only loan was placed through Walker & Dunlop with Freddie Mac. Paseo Villas was developed in 2006 as the need for affordable housing options for the San Francisco Bay Area forced demand to the San Joaquin Valley.  The demand for Class A multifamily housing such as Paseo Villas continues at historically high levels.  The luxury garden style Paseo Villas Apartments includes one, two and three bedroom units.   The common amenities include a swimming pool, spa, fitness facilities, dog park, theatre, business center and billiards room.

About Preferred Capital Advisors

PREFERREDCAPITALADVISORSis a commercial mortgage firm that was formed to provide our clients with a full range of commercial real estate finance and investment services.  Specific business lines include short and long-term commercial real estate debt, mezzanine debt and equity real estate transactions.  Visit our website at http://prefcap.com/.