Decron lands $83M Fannie Mae financing for Simi Valley apartments
Decron Properties scored more than $80 million in refinancing for an apartment complex in Ventura County. The Los Angeles-based firm received an $82.9 million refinancing loan for the River Ranch apartments at 1518 Patricia Avenue in Simi Valley, Multi-Housing News reported. Fannie Mae provided the five-year fixed-rate loan for the 398-unit garden-style community. The Fannie Mae financing will enable Decron to pay off existing bank debt for the property. Decron previously secured a $75 million loan from Signature Bank in 2022. The firm purchased River Ranch from Aimco in 2012 for $65.3 million, according to Yardi Matrix data cited by […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Corona Del Mar strip center trades hands as retail market sees price growth
Mark Zuckerberg Just Bought a 16,000-Square-Foot Castle in Ireland
Malibu mansion listed for $48M after Kevin Garnett’s previous woes
Top permits: Developer bringing almost 400 apartments to Westchester
SB 79, resi production bring sparks to Bass-Raman mayoral debate
OC’S Bill Lyon, son of late developer Gen. William Lyon, backs Steve Hilton
Cabin Season Is Coming—and Here’s a Handmade Oregon Dream Home for $899K
Everything We Know About Meghan Markle and Prince Harry’s Reported Move Back to Britain
Diane Keaton’s “House That Pinterest Built” Just Sold for $18 Million
How to Make a Small Bathroom Feel Bigger, According to Interior Designers
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California 92656, USA