[New post] PCCP Lends $40Mln to Facilitate Acquisition of Silicon Valley Apartments

Dan Moynihan posted: "PCCP LLC has provided $40 million of senior mortgage financing to facilitate Carmel Partners' $54.2 million, or $536,637/unit, purchase of the 101-unit One38 apartment property in downtown San Jose, Calif. Carmel is buying the two-year-old property, at" New post on Commercial Real Estate Direct PCCP Lends $40Mln to Facilitate Acquisition of Silicon Valley Apartments by Dan Moynihan PCCP LLC has provided $40 million of senior mortgage financing to facilitate Carmel Partners' $54.2 million, or $536,637/unit, purchase of the 101-unit One38 apartment property in downtown San Jose, Calif. Carmel is buying the two-year-old property, at 138 Balbach St., from a receiver, David Stapleton, who was put in place by the U.S. District Court […] Read more of this post Dan Moynihan | October 29, 2021 at 8:31 am | Categories: General News | URL: https://wp.me/pcdE10-2jgZ Unsubscribe to no longer receive posts from Commercial Real Estate Direct. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://crenews.com/2021/10/29/pccp-lends-40mln-to-facilitate-acquisition-of-silicon-valley-apartments/