M&T Provides $93.5M Loan for San Jose Luxury Apartment Complex
JRK Property Holdings has acquired a 301-unit apartment complex in San Jose, Calif. with the help of $93.5 million in financing.
Source: commercialobserver.com
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M&T Provides $93.5M Loan for San Jose Luxury Apartment Complex
JRK Property Holdings, a Los Angeles-based real estate investment firm, has acquired  a 301-unit apartment complex in San Jose, Calif., via its value-add fund, for $93.5 million, with the help of $61 million in financing. The financing — a 10-year, fixed-rate Freddie Mac (FMCC) loan at a 5.37 percent interest rate-– was supplied through a joint arrangement between Institutional Property Advisors Capital Markets and M&T Bank (MTB). Institutional Property Advisors, a divi...
Source: yahoo.com
Los Angeles Multifamily Company Rounds Out Year With Houston Purchase
Los Angeles-based JRK Property Holdings purchased several multifamily buildings this quarter, including a Houston property, The Halstead.
Source: bisnow.com