Mack Real Estate Credit Strategies Provides $263M in Construction Financing for Cali Apartments

TA Partners has landed a $262.5 million debt package to complete two planned multifamily projects in Southern California’s Orange County, Commercial Observer can first report.

Mack Real Estate Credit Strategies supplied the five-year, full-term interest-only construction loans for Milani Apartments and Pistoia Apartments in Irvine, Calif., which are both currently under development.

Meridian Capital Group arranged the transaction for the 658-unit portfolio with a New York City-based team led by Drew Anderman, Alan Blank and Naphtali Marrus.