{"id":1004125687,"date":"2015-08-19T14:11:44","date_gmt":"2015-08-19T22:11:44","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=358245"},"modified":"2020-05-17T23:52:16","modified_gmt":"2020-05-18T07:52:16","slug":"near-apples-new-campus-a-tidy-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/near-apples-new-campus-a-tidy-refi\/","title":{"rendered":"Near Apple\u2019s New Campus, a Tidy Refi"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

Spurred on by the imminent completion of Apple\u2019s Campus 2, capital is flowing quickly in Cupertino. Berkadia<\/a> recently arranged $52 million in financing for a multi-family property located near the Infinite Loop. Mitch Thurston and Andy Ahlers of the company\u2019s San Francisco office secured the loan from a major bank on behalf of an entity controlled by Pacific Urban Residential<\/a>.<\/p>\n

\"Sage<\/a><\/p>\n

Sage at Cupertino<\/p>\n<\/div>\n

Totaling 230 units, Sage at Cupertino is located in the vicinity of the tech giant\u2019s new campus. The property is about 95 percent occupied. Amenities include a swimming pool, recently renovated clubhouse and a business center. Sage at Cupertino offers one- and two-bedroom apartments.<\/p>\n

Berkadia arranged the 30-year fixed-interest loan with an initial rate of 2.95 percent. According to Andrea Cu, director of finance for Pacific Urban Residential, noted in a statement that the company was offered a number of options in selecting a lender. Pacific Urban has completed $3.5 billion of acquisitions on the West Coast over the past 17 years, a total of 22,000 apartments.<\/p>\n","protected":false},"excerpt":{"rendered":"

Spurred on by the imminent completion of Apple’s Campus 2, Cupertino’s real estate market is seeing capital flow at a faster pace.<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1609],"tags":[],"class_list":["post-1004125687","post","type-post","status-publish","format-standard","hentry","category-latest","category-san-francisco"],"acf":[],"yoast_head":"\nNear Apple\u2019s New Campus, a Tidy Refi - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/near-apples-new-campus-a-tidy-refi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Near Apple\u2019s New Campus, a Tidy Refi\" \/>\n<meta property=\"og:description\" content=\"Spurred on by the imminent completion of Apple’s Campus 2, Cupertino’s real estate market is seeing capital flow at a faster pace.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/near-apples-new-campus-a-tidy-refi\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-19T22:11:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-18T07:52:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Sage-at-Cupertino.jpg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/near-apples-new-campus-a-tidy-refi\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/near-apples-new-campus-a-tidy-refi\\\/\"},\"author\":{\"name\":\"Alex Girda\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"headline\":\"Near Apple\u2019s New Campus, a Tidy Refi\",\"datePublished\":\"2015-08-19T22:11:44+00:00\",\"dateModified\":\"2020-05-18T07:52:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/near-apples-new-campus-a-tidy-refi\\\/\"},\"wordCount\":178,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/near-apples-new-campus-a-tidy-refi\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/08\\\/Sage-at-Cupertino.jpg\",\"articleSection\":[\"News\",\"San Francisco\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/near-apples-new-campus-a-tidy-refi\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/near-apples-new-campus-a-tidy-refi\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/near-apples-new-campus-a-tidy-refi\\\/\",\"name\":\"Near Apple\u2019s New Campus, a Tidy Refi - 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