Berkadia, a leading commercial real estate services and finance company, recently facilitated the refinancing of Arbor Park Apartments in Upland. The 260-unit garden-style multifamily property was successfully refinanced for $46.75 million by Berkadia Los Angeles’ senior managing director Allan Freedman on behalf of California-based NNC Apartment Ventures.
The seven-year loan features an attractive 4.6% interest rate, full term interest-only payments, and a favorable 65% loan-to-value ratio. According to Freedman, this refinance not only allowed the buyer to cash out for future upgrades but also provides strong cashflow for the next seven years.
Conveniently located at 859 N Mountain Ave in Upland, California, Arbor Park Apartments offers easy access to major transportation routes and essential amenities such as Historic Downtown Upland (1.8 miles away), Ontario International Airport (6.2 miles away), Montclair Place (2
