E&S Ring Management landed a nearly $100 million refinancing package for a six-property multifamily portfolio in Southern California. Sawtelle-based E&S secured $95.8 million in refinancing from Voya Investment Management for the portfolio totaling 1,461 units, Commercial Observer reported. Northmarq’s Nathan Prouty, Andrew Slaton and John Holt facilitated the deal. The refinancing covers existing debt across the portfolio, which includes four loans from Voya originated in 2007. Four of the properties are in Los Angeles, one of which is in Culver City and another is in Victorville, Multi-Housing News reported. In L.A., the portfolio includes the 276-unit Villa Vicente community at […]
This article originally appeared on The Real Deal. Click here to read the full story.
