Apartment Realty Group (ARG) and ARG Capital Partners Remain Extremely Active in San Diego and Southern California’s Multifamily Apartment Markets

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ARG Sells Multiple San Diego Multifamily Properties, Arranges Southern California Apartment Financing.

Palm Avenue Townhomes

We have been able to provide sellers with specialized strategies to maximize property values by creating competition for each asset we market as well as providing buyers and 1031 exchange clients with sound investment options, not generally available.

Apartment Realty Group (ARG) has brokered multiple San Diego and Southern California apartment transactions. ARG Capital Partners has arranged a $1.55 million loan to refinance a Los Angeles apartment complex.

SAN DIEGO, CALIFORNIA – The Palm Ave Townhome complex at 228-238 Palm Ave., in National City 91950, has been sold for $1.3 million, cash. The approximately 8,888-square-foot complex was constructed in 2007 and the complex consists of 18 bedrooms and 14 full bathrooms. Five of the units are two-level townhomes and the one single-level unit is over the six single-car garages. James V. Carter, Managing Director and Sean Bascom, Investment Associate of Apartment Realty Group (ARG) represented the seller, a San Diego-based private investor.

SAN DIEGO, CALIFORNIA – An 8-unit two-story apartment complex located at 120 East Kalmia Street Fallbrook, CA 92028 has been sold for $670,000. The 6,400 sf property was constructed in 1992 and consists of all 2 bedroom/1 bathroom units. James V. Carter, Managing Director and Anthony Mendes, Senior Associate of Apartment Realty Group (ARG) represented the seller, a San Diego-based private investor.

SAN DIEGO, CALIFORNIA – A 7-unit two-story apartment complex located at 4625 Kansas Street San Diego, CA 92116 has been sold for $980,000. The 5,810sf property was constructed in 1964 and consists of all 2 bedroom/1 bathroom units. James V. Carter, Managing Director of Apartment Realty Group (ARG) represented the buyer, a Los Angeles-based private investor.

SAN DIEGO, CALIFORNIA – The 20-unit two-story apartment complex located at 3933 Jewell Street San Diego, CA 92109 in the Pacific Beach submarket, has been sold for $3,150,000. The property consists of eighteen (18) 1bedroom/1 bathroom units and two (2) 2bedroom/2bathroom units. Gary B. Urtiaga, Senior Vice President of Apartment Realty Group (ARG) represented the buyer, a San Diego-based private investor.

For more information, please contact James V. Carter at (619) 222-9501, JCarter@ARG1031.com or online at http://www.ApartmentRealtyGroup.com

LOS ANGELES, CALIFORNIA – ARG Capital Partners (ARGCP) has arranged a $1,550,000 loan to refinance a 10-unit apartment building in Santa Monica. The borrower cashed-out approximately $175,000; the loan has a loan-to-value of 70 percent with a 4.25 percent interest rate. Bryan J. Clark, Director of ARG Capital Partners, arranged the loan for the property.

In a time when virtually all banks have ceased providing cash-out commercial refinances for their clients, ARG Capital Partners continues to assist its clients with not only cash-out refinances, but also rate/term refinancing options (both recourse and non-recourse), fixed and adjustable loan programs, bridge financing, acquisition financing, mezzanine debt, as well as preferred and joint venture equity.        

For more information, please contact Bryan J. Clark at (858) 602-8080, BClark@ARGCP.com or online at http://www.ARGCP.com

About Apartment Realty Group (ARG) and ARG Capital Partners:

Apartment Realty Group (ARG) is a boutique multifamily investment sales and real estate advisory firm with a proven track-record of value-added brokerage services. ARG provide investors with real-time market information and unique access to more investors and the industry's most competitive capital solutions available. Our experience allows us to provide solid advice, allowing our clients to make sound investment decisions through any market cycle. Visit us online at: http://www.ApartmentRealtyGroup.com

ARG Capital Partners (ARGCP) provides private and public capital, both debt and equity, for real estate investment opportunities in major metropolitan markets nationwide. ARGCP continuously strives to provide local operators/sponsors of value-add, opportunistic, and distressed real estate transactions with debt and equity financing designed to optimize the financial aspects of their projects, providing bottom line performance unencumbered by inefficient financing. Visit us online at: http://www.ARGCP.com.

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