Aliso Creek Bags Big Refi
Want to get a jump-start on upcoming deals? Meet the major Orange County players at one of our upcoming events!
The 535-unit Aliso Creek Apartments in Aliso Viejo received a $140M refi, which will go to pay off tax-exempt bonds and two subordinate deeds while providing working capital for renovation of formerly rent-restricted units in the property, GlobeSt reports. NorthMarq Capital EVP Michael Elmore arranged the loan for an unnamed borrower. Reportedly, the borrower is planning more than $4M in interior renovations at the property.