Park Central Apartments in Santa Clara receives $31m

Jun 15, 2012

SANTA CLARA, CALIF. -- The 172-unit Park Central, an apartment community located at 1050 Benton St. in Santa Clara, has received $31 million in first mortgage financing. The loan features a 10-year term and an interest-only period that is followed by a 30-year amortization schedule. Jeffrey Weidell and Andrew Slaton of NorthMarq's San Francisco regional office arranged the financing for the borrower, a Prometheus-related entity.

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