Westphal Company Lands $56M Refi for San Diego Apartments
The Westphal Company has secured $56.1 million in permanent financing for a 354-unit apartment complex in eastern San Diego County. Northmarq arranged the fixed-rate financing through the firm’s Fannie Mae platform. The nonrecourse loan carries a 10-year term with interest-only…
The Westphal Company has secured $56.1 million in permanent financing for a 354-unit apartment complex in eastern San Diego County. Northmarq arranged the fixed-rate financing through the firm’s Fannie Mae platform. The nonrecourse loan carries a 10-year term with interest-only…
BELLINGS Intelligence Score: 10
Why it matters
This is a routine refinancing of a mid-sized apartment complex using a standard Fannie Mae fixed-rate loan, representing ordinary business activity with limited broader market impact.
Sources
Commercial Observer
Westphal Company Lands $56M Refi for San Diego Apartments
The Westphal Company has secured $56.1 million in permanent financing for a 354-unit apartment complex in eastern San Diego County. Northmarq arranged the fixed-rate financing through the firm’s Fannie Mae platform. The nonrecourse loan carries a 10-year term with interest-only…