Kurt Scheidt and Terry Daly with Cushman & Wakefield’s Mortgage Services have closed on the $26.5 million bridge loan for the Rossmoor Manor Apartments complex in Los Alamitos, CA. The Cushman & Wakefield team arranged a non-recourse, floating-rate loan on behalf of Revere Investments.
Located at 11152 Wallingsford Road, the Rossmoor Manor Apartments is composed of 10 two-story buildings totaling 150 units. The property is located just off Interstate 605 at Katella Avenue, near the junction of Interstate 405. There are multiple golf courses nearby, and Seal Beach is approximately five miles away.
West Coast Commercial Real Estate News