Citra Apartments: Sale & financing arranged for Silicon Valley multifamily community
United States, Aug. 5 -- JLL Capital Markets announced that it has arranged the sale and $44.235 million financing of Citra, a 147-unit value-add apartment community located in Sunnyvale, California.JLL represented the seller, the buyer was Prime Residential. JLL also secured the loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo Lender.Citra, located at 745 S Bernardo Ave., offers residents convenient access to leading tech employers and the highly acclaimed Sunnyvale School District. Positioned in the heart of Silicon Valley, the garden-style community provides easy connectivity to Downtown Sunnyvale and Downtown Mountain View while being in close proximity to major employers.Built in...
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