**San Mateo Apartment Collection Secures $170 Million Refinancing**
JLL Capital Markets has successfully arranged a $170 million first mortgage refinance for the Bay Meadows Apartment Collection, a luxury multifamily portfolio located in San Mateo, California. The collection consists of four properties totaling 390 residential units.
JLL’s team was led by Senior Managing Directors Bruce Ganong and Chris Gandy, along with Director Elijah Lax and Analyst Tomie Vega. They represented the borrowers, Stockbridge and Wilson Meany, in securing a five-year, fixed-rate loan from New York Life Real Estate Investors.
Located within the 83-acre Bay Meadows master-planned community and adjacent to the Hillsdale Caltrain Station, the portfolio includes:
– Field House: 108 units, completed in 2015
– Quimby: 70 units, completed in 2017
– Russell: 158 units, completed in 2017
– Hawthorne: 54 units, completed in 2024
“The successful refinancing of Bay Meadows Apartment Collection highlights the enduring strength of well-located, institutional-quality multifamily assets in the San Francisco Peninsula market,” said Ganong. “This portfolio’s prime location, coupled with its mix of unit types and amenities, positions it as a premier residential offering in the heart of Silicon Valley.”
