Regions West | Orange County
May 23, 2008
Financing has been put in place for Yorba Linda Pines Village, a 22-unit multi-family property in Yorba Linda, about 10 miles from Anaheim, Calif. NorthMarq Capital Inc. orchestrated the first year mortgage financing, based on a five-year fixed term, through its affiliate AmeriSphere Multifamily Finance. The loan has a 30-year amortization schedule. The Orange County apartment market is one of the tightest in the country and is on target to remain so, according to a first quarter report by real estate investment services firm Marcus & Millichap. The current average vacancy rate is approximately 4 percent.
Financing has been put in place for Yorba Linda Pines Village, a 22-unit multi-family property in Yorba Linda, about 10 miles from Anaheim, Calif. NorthMarq Capital Inc. orchestrated the first year mortgage financing, based on a five-year fixed term, through its affiliate AmeriSphere Multifamily Finance. The loan has a 30-year amortization schedule. The Orange County apartment market is one of the tightest in the country and is on target to remain so, according to a first quarter report by real estate investment services firm Marcus & Millichap. The current average vacancy rate is approximately 4 percent.
Recent Orange County Headlines
Nov. 04, 2008