LOS ANGELES – July 24, 2018 – Berkadia today announced the combined $117.45 million in financing for Addison Ranch Apartments and The Lexington Agoura Hills Apartment Homes, two multifamily properties located in California. Managing Director Allan Freedman of Berkadia’s Los Angeles office secured the refinance loans through Freddie Mac, and the deals closed on May 31.
Berkadia secured $75 million in financing for Addison Ranch Apartments and $42.45 million in financing for The Lexington Agoura Hills on behalf of Capital Valley Investments, a division of The Ezralow Company.
“Freddie Mac was able to offer the client competitive terms with maximum leverage,” said Freedman. “We worked closely with the borrower to address a number of unique issues, including funding prior to completion on a portion of the units.”
Located at 200 Greenbriar Circle in Petaluma, California, Addison Ranch features one- and two-bedroom floor plans with stainless steel appliances, hardwood floors, private balconies or patios and washers and dryers. Residents also have access to several on-site amenities including a clubhouse, a fitness center, a pool and outdoor storage. In the heart of Petaluma, the property affords convenient access to the Washington Square Shopping Center, Lucchesi Park and Lynch Creek Trail.
The Lexington Agoura Hills is located at 30856 Agoura Road and features one and two-bedroom floor plans with vaulted ceilings, stainless steel appliances, large closets, quartz countertops and washers and dryers. Community amenities include on-site maintenance, a swimming pool and spa, a fitness center, a tennis court, a barbeque and picnic area and assigned garage parking. The property affords convenient access to Ventura Freeway and the Shoppes at Westlake Village.