Northmarq Arranges Freddie Mac Loan for Upland Apartments

Northmarq Arranges Freddie Mac Loan for Upland Apartments
News| July 31, 2026| Paul Bubny
California & West + Apartment Buildings

Northmarq’s San Diego Debt + Equity team led by Conor Freeman and Aaron Beck arranged a $34-million refinance of Northwoods Apartments, a 324-unit garden-style multifamily community located at 1662 W. Arrow Hwy. in Upland. Northmarq arranged the permanent-fixed financing on behalf of the borrower through the firm’s relationship with Freddie Mac. The permanent fixed-rate loan is structured as a 10-year term, with full-term interest-only payments.

“Northwoods Apartments is an excellent example of a community that combines naturally occurring workforce housing with deed-restricted affordable units, helping meet the growing demand for attainable rental options in the Inland Empire,” said Freeman . “By utilizing Freddie Mac’s Targeted Affordable Housing program, we were able to deliver a long-term financing solution that helps preserve renter affordability while aligning with our client’s investment objectives.”

The property features one- and two-bedroom floorplans with amenities including central air conditioning, vinyl flooring and walk-in closets. The garden-style community also contains two swimming pools and four heat-steamed spas.

The conversations behind tomorrow’s apartment deals happen at Connect Apartments on September 22 in LA. Connect with the capital sources, owners, developers, and brokers driving multifamily investment. Learn more and reserve your seat at www.connectapts2026.com.

Other News

LiUNA And Fengate Break Ground On 58-Storey Toronto Rental Tower

Canada + Apartment Buildings

Four years after acquiring a downtown Toronto development site through receivership, Fengate and its partners have broken ground on a 58-storey rental tower that will preserve a piece of the city’s garment industry history. The Benjamin will bring 528 apartments to 355 Adelaide St. W. in the Entertainment District. The project is being developed by...

Learn more

Where Investors See Opportunity In Alternative Assets For 2027 (VIDEO)

Canada + Student Housing

Seniors housing, self-storage and student residences are attracting fresh attention as real estate investors look beyond traditional asset classes heading into 2027. Those sectors featured prominently at Connect Alternative Real Estate Investments, held Oct. 15 in Vancouver, where industry leaders explored opportunities in underserved markets and the potential for stronger returns. Seniors housing stood out...

Learn more

Weidner Adds 341-Unit Rental Asset to Austin Portfolio

Texas + Apartment Buildings

Weidner Apartment Homes acquired the Solaris House apartments, a 341-unit high-rise apartment complex located in North Austin’s Domain submarket. Brandywine Realty Trust was the seller. JLL represented Brandywine Realty Trust in the sale of the asset.  JLL’s Debt Advisory team also arranged acquisition financing for Weidner through Nationwide. The acquisition marks Weidner’s fifth community in...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up