Fifth Third, CB&T TruAmerica Lend $124M on Bay Area Apartments Build
SummerHill Apartment Communities (SHAC) has landed $123.5 million of construction financing to build a multifamily project in the San Francisco Bay Area, Commercial Observer has learned. Fifth Third Bank and California Bank & Trust (CB&T) provided a $96.5 million senior…
SummerHill Apartment Communities (SHAC) has landed $123.5 million of construction financing to build a multifamily project in the San Francisco Bay Area, Commercial Observer has learned. Fifth Third Bank and California Bank & Trust (CB&T) provided a $96.5 million senior…
BELLINGS Intelligence Score: 10
Why it matters
This is a routine construction loan for a multifamily project by regional banks, representing ordinary commercial real estate financing activity with limited broader market impact.
Sources
Commercial Observer
Fifth Third, CB&T TruAmerica Lend $124M on Bay Area Apartments Build
SummerHill Apartment Communities (SHAC) has landed $123.5 million of construction financing to build a multifamily project in the San Francisco Bay Area, Commercial Observer has learned. Fifth Third Bank and California Bank & Trust (CB&T) provided a $96.5 million senior…