Deal Details
Private Loan Type
Commercial Ground-Up Construction
Approx. Funding Date
04/02/2018
Property Type
Mixed-Use
Multifamily
Property City
Fremont
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Number of Units
158
Deal Summary
Parkview Financial, a private mortgage fund, funded a $65,000,000 ground-up construction loan for the development of Mission Hills, a 158-unit mixed-use project in Fremont, Alameda County, California. The development is comprised of 158 residential units above 53,000 square feet of ground-level retail, along a walkable promenade. The project is expected to be completed in late 2019. This private construction loan was funded in April 2018.