Real Estate/Development
Apr. 2, 2000
Silicon Valley apartment wins $37 million bridge loan
GE Capital Real Estate provided a $37.24 million bridge loan to Burlingame-based Stonesfair Financial Corp. for the acquisition of Arioso Apartments, a recently completed 201-unit multifamily complex in Cupertino. The two-year loan has a loan-to-value ratio of 80 percent.
GE Capital Real Estate provided a $37.24 million bridge loan to Burlingame-based Stonesfair Financial Corp. for the acquisition of Arioso Apartments, a recently completed 201-unit multifamily complex in Cupertino. The two-year loan has a loan-to-value ratio of 80 percent.
Stonesfair bought the property in joint venture with the lender for $47 million. The seller was SNK Realty Group. The sale closed in January.
According to Curtis Gardner, a senior vice president with ...
Stonesfair bought the property in joint venture with the lender for $47 million. The seller was SNK Realty Group. The sale closed in January.
According to Curtis Gardner, a senior vice president with ...
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