CBRE Capital Markets Secures $3.5 Million in Financing for Arbor Faire Senior Apartments in Fresno, CA

San Francisco, CA –May 12, 2015 – CBRE’s Capital Markets’ Debt & Structured Finance team arranged $3.5 million in financing for Arbor Faire Senior Apartments, a 50-unit, senior living community located at 5173 & 5175 North Feland Avenue in Fresno, California.

Andrew Behrens and Jesse Weber of CBRE’s San Francisco office arranged the loan on behalf of the borrower, Feland Seniors, LLC. Financing was provided by JP Morgan Chase Bank.

Mr. Weber stated, “The owners of the property were looking for a lender that would provide them with an attractive refinance rate, while minimizing their transaction costs. We were able to work with Chase to enter a market they have not historically been very active in and provide an extremely attractive seven-year loan.”

Arbor Faire was constructed in 2004 and is well located east of Highway 99, near W. Shaw Avenue (one of the two premier retail addresses in Fresno) and N. Marks Avenue. The garden-style community consists of seven building and contains a clubhouse, library and hair salon.

Property leasing for Arbor Faire is managed by Golden State Financial Properties, Inc. They manage more than 8,000 units throughout the Central Valley and are one of the premier third-party managers in the region.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

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