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Monday, Jul 22, 2024
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Oceanside Apartment Complex Refinanced

Owners of a recently renovated Oceanside apartment complex have received a $5.11 million refinancing loan arranged by JLL Capital Markets Debt Advisory team. The three-year, fixed-rate loan was for the 21-unit apartment building at 330 S. Home St.
The borrower was a joint venture between Westview Real Estate, led by Rob Perkins and Pace Properties, led by Matt Pace.
The property has 17 apartments that were built in 1970 and renovated in 2023 and four new accessory dwelling units. The apartments average 715 square feet. Amenities include a surf shower, secure electric bike parking, and a common area grill.
The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Director Chris Collins and Analyst Emily Pohlman.
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