Westphal Company Lands $56M Refi for San Diego Apartments

The Westphal Company has secured $56.1 million in permanent financing for a 354-unit apartment complex in eastern San Diego County. Northmarq arranged the fixed-rate financing through the firm’s Fannie Mae platform. The nonrecourse loan carries a 10-year term with interest-only payments for the full term. Property records identify Westphal Company owns the Wintercrest Village Apartments, […]