Villa Del Mar is a 184 unit multifamily complex located on 7.463 acres in Oceanside, CA. It features modern spacious floor plans with large closets, assisted parking, on-site laundry facilities, a playground, pools, a fitness center, and spa. This project was recently refinanced with Rockhall Funding under HUD 223(f) Acquisition & Refinancing.  

Executive Summary:

Project Name:                 Villa Del Mar

Section of the Act:           HUD 223(f) Acquisition & Refinancing

Type of Project:               Market Rate

Number of Units:             184 (1 non-revenue)

Mortgage Amount:          $32,988,800

Interest Rate:                   2.30%

Term:                               35 years