Pacific Urban Investors’ Structured Finance Group provided preferred equity to Archway Equities to facilitate 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. Located near Interstates 10 and 210, it is within walking distance from the Montclair Transitcenter – an intermodal facility providing bus and train service throughout the region.
Ash Baraghoush – Managing Director with Pacific Urban Investor’s Structured Finance Group expressed his excitement for partnering with experienced sponsor like Archway Equities: “We are very excited to participate in such high quality real estate acquisition here in Southern California” he said.
