$7,000,000 Multi-Family Refinance

Shawbrook Capital is pleased to announce the successful closing of a $7.0MM refinance of Brookside Apartments, a 100+ unit multifamily asset located in Stockton, CA — directly adjacent to the University of the Pacific.

The property is a highly stabilized, cash-flowing asset with 99% occupancy, catering primarily to strong and consistent student housing demand. The asset generates approximately $1,020,000 in annual NOI (~$85,000/month), supported by market cap rate comps in the 5.75% range, implying a valuation between $17MM–$18MM.

Shawbrook Capital structured a low-leverage execution at sub-50% LTV, providing the Sponsor with a flexible 12-month bridge facility to position the asset for long-term financing. Despite the size and complexity of the transaction, the loan was closed in just 7 days, delivering immediate certainty of execution where timing was critical.

Another example of Shawbrook’s ability to move quickly, structure efficiently, and deliver reliable capital on high-quality multifamily assets.