Pacific Urban Investors’ Structured Finance Group provided preferred equity to Archway Equities for the $150-million acquisition of The Paseos at Montclair, a 385-unit multifamily community located in the Inland Empire community of Montclair. Built in 2014, this garden-apartment style property features studio, one-, two-, and three bedroom Santa Barbara inspired townhomes built around a central linear park with an amphitheater. Close to Interstates 10 and 210, it is within walking distance from the Montclair Transitcenter which provides bus and train service throughout the region.
Ash Baraghoush – Managing Director with Pacific Urban Investors’ Structured Finance Group – commented on their partnership: “We are very excited to partner with an experienced sponsor like Archway Equities and participate in acquiring high quality real estate in Southern California.”
