Regency Capital Partners

Villa Malibu


Villa Malibu

Summary

Regency Capital Partners (RCP) arranged the bridge financing for the acquisition and conversion of this 68-unit, Class A apartment community in world-renown Malibu, CA. Originally built to condo-spec in 1993 but leased as apartments, the Property will be converted by the Developer into luxury, for-sale condominiums. RCP secured the Borrower a 65% LTC floating rate, condo-conversion loan at a sub 2.75% interest rate to acquire and re-position the asset.


Transaction Details

LOAN AMOUNT $50,000,000
FINANCING TYPE Bridge
LENDER TYPE International Bank
PROPERTY TYPE Multifamily
PROPERTY ADDRESS
Map
6487 - 6489 Cavalleri road
Malibu, CA
PROPERTY DESCRIPTION This is a 68-unit condominium development in Malibu, CA.