Regency Capital Partners

Emery Bay Condominiums


Emery Bay Condominiums

Summary

Regency Capital Partners (“RCP”) arranged $109,000,000 of acquisition debt and $26,000,000 million of joint venture equity for this 426 unit apartment complex in Emeryville, California. Having posted a non-refundable deposit upon execution of the acquisition contract, this Southern California condo-converter required an equity and debt commitment within 3 weeks. RCP secured first mortgage financing that was able to commit and close within days along with an equity partner who provided over 90% of the equity required at market terms.


Transaction Details

LOAN AMOUNT $135,000,000
FINANCING TYPE Equity and Bridge
LENDER TYPE Domestic Bank
PROPERTY TYPE Multifamily
PROPERTY ADDRESS
Map
6400 Christie Ave
Emeryville, CA
PROPERTY DESCRIPTION Upscale apartments that were to be converted into condominiums for working professionals and families in a central Emeryville location just minutes from Oakland, San Francisco and Berkley.