Bonnani Development Secures BWE-led $108M Recapitalization on Recently Completed OC Res Development the 300-unit, VRV

11/21/2024

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RENTV

• Subcategory: Capital Markets: Equity, MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: Capital Markets: Agency Loan, Capital Markets: Debt-Senior Loan, MF: Midrise

• Additional Filters-Tags: Sale: Recapitalization, Sale: Single Property

Bonnani Development has obtained $108.38 mil in total capital for the VRV, their recently completed, 300-unit luxury apartment property in the OC city of Stanton. The financing was arranged by BWE and includes an $88.38 mil senior loan from Freddie Mac and a $20 mil preferred equity contribution, from an institutional equity fund.