Transaction features non-recourse, fixed-rate loans in the low 6% range with five years of interest-only payments

FRESNO, CA — Matthews™ Capital Markets (MCM), a fully integrated and dedicated financing division of Matthews™, recently arranged $116,000,000 in financing across three multifamily properties located in Fresno, CA. Matthews™ First Vice President Geoffrey Arrobio led the loan transaction.

 

The financing was structured for three separate loans totaling $116 million, each with five years of interest-only payments. The refinance generated significant cash-out proceeds while locking in fixed-rate debt in the low 6% range. All three loans were executed on a non-recourse basis, underscoring strong lender confidence in the borrower and market fundamentals.

 

The portfolio includes a 248-unit townhome community, a 476-unit multifamily property, and a 418-unit multifamily property, all strategically positioned within the Fresno market. The refinance provides the borrower with enhanced liquidity and the flexibility to continue executing on their long-term investment strategy.

 

“We tailored a refinancing structure that allowed the client to payoff an existing past due note on one of the assets, in addition to providing the client with additional equity for other value add acquisitions,” said Arrobio. “It was a team effort all the way and a very successful transaction.”

 

MCM remains committed to helping clients navigate the evolving market conditions with tailored capital solutions. For more information, or to contact a Matthews™ specialized agent, please visit www.matthews.com.

 

ABOUT MATTHEWS™ CAPITAL MARKETS

Matthews™ Capital Markets (MCM) is a fully integrated and dedicated financing division of Matthews™. MCM provides capital solutions ranging from $500,000 to $100 million for all property types across the U.S.