|Deal Type||Fannie Mae|
KeyBank Real Estate Capital (KBREC) secured $37.7 million of Fannie Mae financing for ColRich, a family owned residential real estate company based in San Diego, to refinance a multifamily property in San Marcos, Calif.
Built in 2019, the Class A, 118-unit Anden Apartments is comprised of 24 three-story buildings on 7 acres of land. Amenities of the pet-friendly property include two-car garages, oversized decks, a resort-style pool and spa, fire pits and a barbecue area with grilling stations. Units are available in two- and three-bedroom configurations.
The financing is a 15-year, fixed-rate loan with a seven-year, interest-only period.