Prime Residential has secured $91.45 million loan for the refinance of Blue Rock Village, a 560-unit, class B, garden-style multifamily property located in Vallejo, Calif.
Walker & Dunlop Multifamily Finance arranged the loan on behalf of long-term client Prime Residential. The team secured a 10-year, full-term interest-only loan at a fixed rate from Freddie Mac.
Blue Rock Village is designed to offer residents convenience and quality of life. The community is located minutes from Blue Rock Springs Golf Course, top-rated schools, popular restaurants and bustling business centers. Residents also benefit from close access to Kaiser Permanente, as well as cultural, shopping and entertainment options in nearby San Francisco.
Blue Rock Village was developed in two phases, but it now functions as a unified and cohesive residential community. The property comprises 41 buildings, 38 of which are residential, housing a total of 560 units. It also features a leasing o
