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
Clap Studio creates "the most music-respectful room" in Spook nightclub
Inside Kensington Palace, Former Home to Princess Diana—and Numerous Other Royals
Diamond Schmitt adapts civic centre into TMU School of Medicine
Star-studded homes hit the market in Montecito and Pasadena
The Textile Designers Behind Some of Jacqueline Kennedy Onassis’s Most Memorable Interiors
Eight scenic bathrooms with a window to the great outdoors
Compact Warsaw apartment evokes "ingenuity and efficiency" of maritime architecture
Inside the Opulent Interiors of Buckingham Palace’s Once-Private East Wing
Plan Plan uses "affordable materials" for Brooklyn apartment renovation
Michael Hackman takes the stage at WeHo conference
"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