Regency Capital Partners

Olive West Apartments


Olive West Apartments

Summary

Regency Capital Partners (RCP) arranged the refinancing of this 426-unit garden-style apartment complex in Sunnyvale, California. RCP secured 20-year non-recourse fixed rate financing with a life company. The loan allowed preprepayment at par after Year 10 and featured a fixed rate below 3.75% for 20 years, enabling the Borrower to lock in a historically low interest rate while still providing significant prepayment flexibility.


Transaction Details

LOAN AMOUNT $55,500,000
FINANCING TYPE Permanent
LENDER TYPE Life Company
PROPERTY TYPE Multifamily
PROPERTY ADDRESS
Map
1229 Vicente Drive
Sunnyvale, CA
PROPERTY DESCRIPTION This is a 426-unit garden style apartment complex located in Sunnyvale, CA.