TODAY’S DEALS: Hendricks & Partners Arranges Sale of 17-Unit Community for Over $2M, and Other Transactions
June 26, 2009
By Anuradha Kher, Online News EditorOakland, Calif.–Hendricks & Partners recently arranged the sale of 6116 Telegraph Ave. in Oakland, Calif., for $2,375,000. The 17-unit apartment community was sold to Alameda Apartments LP of San Rafael, Calif. Arbor Closes $935,000 Fannie Mae DUS Small LoanCarmichael, Calif.–Arbor Commercial Funding LLC recently completed funding of a $935,000 loan…
By Anuradha Kher, Online News EditorOakland, Calif.–Hendricks & Partners recently arranged the sale of 6116 Telegraph Ave. in Oakland, Calif., for $2,375,000. The 17-unit apartment community was sold to Alameda Apartments LP of San Rafael, Calif. Arbor Closes $935,000 Fannie Mae DUS Small LoanCarmichael, Calif.–Arbor Commercial Funding LLC recently completed funding of a $935,000 loan under the Fannie Mae DUS Small Loan product line for the 17-unit complex known as Parkside Apartments in Carmichael, Calif. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.72 percent.
