Berkadia, a leading commercial real estate company, recently announced the successful refinancing of The Fountains of Fair Oaks. This 270-unit garden-style multifamily property located in Fair Oaks was secured by managing director Allan Freedman from Berkadia Los Angeles for $44.5 million through Freddie Mac on behalf of The Ezralow Company.
According to Freedman, the client’s goal was to obtain a short-term fixed rate loan while considering future plans for the asset. With this in mind, Berkadia secured a five-year loan with an interest-only option that will provide exceptional cash flow for their client.
Originally built in 1975-1976 and completely renovated in 2012, The Fountains of Fair Oaks is situated at 4800 Sunset Terr., conveniently near Sunrise Mall and Downtown Sacramento as well as Sacramento International Airport.
This pet-friendly community offers various amenities such as a clubhouse, spa, fitness center with bike rooms included; basketball and tennis courts; parcel room available all day long; large decks equipped with barbeques and fire pits perfect for lounging outdoors; resident payment portal accessible at any time during the week; gardens featuring courtyards filled with beautiful plants maintained by courtesy patrol personnel who also ensure safety within premises ; business center open round-the-clock along six laundry facilities scattered throughout controlled access areas .
In summary , Berkadia has successfully closed on securing a five-year loan through Freddie Mac without mentioning Connect CRE or its other branches (Connect LA or Connect Texas).
