Wed, October 27, 2010
Tue, October 26, 2010
Mon, October 25, 2010
[ Mon, Oct 25th 2010 ] - Market Wire
30 A.M. Pacific Time
Sun, October 24, 2010
Fri, October 22, 2010
Thu, October 21, 2010
[ Thu, Oct 21st 2010 ] - Market Wire
USB, C, JPM, GS, BAC
[ Thu, Oct 21st 2010 ] - Market Wire
WFC,JPM,C,BAC,BA
Wed, October 20, 2010
[ Wed, Oct 20th 2010 ] - Market Wire
GS,BAC,C,JPM,PNC
[ Wed, Oct 20th 2010 ] - Market Wire
STT,PHG,GE,PC,SNE
Tue, October 19, 2010
[ Tue, Oct 19th 2010 ] - Market Wire
UGI Issues Earnings Guidance
Mon, October 18, 2010
Sun, October 17, 2010
Fri, October 15, 2010
[ Fri, Oct 15th 2010 ] - Market Wire
AXP, DD, WMT, CHK, ECA
Thu, October 14, 2010
[ Thu, Oct 14th 2010 ] - Market Wire
JPM, BAC, PNC, C, GS
[ Thu, Oct 14th 2010 ] - Market Wire
SRE,PCG,AGL,F,HST
Wed, October 13, 2010

Kennedy Wilson Refinances Major Northern California Apartment Building


//business-finance.news-articles.net/content/201 .. ajor-northern-california-apartment-building.html
Published in Business and Finance on Thursday, October 21st 2010 at 5:50 GMT by Market Wire   Print publication without navigation


BEVERLY HILLS, Calif.--([ BUSINESS WIRE ])--International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company has replaced the existing financing on Summer House Apartments, a 615-unit Northern California multifamily community that it acquired earlier this year with PCCP, LLC. Terms include a loan of $70.8 million at a ten-year fixed rate of 4.31%.

"We are pleased with the execution of this refinance and the performance of the Summer House property, which is one of the largest communities of its kind in the East Bay."

The announcement follows the recent refinancing of a portion of Kennedy Wilsona�s multifamily portfolio with the LeFrak Organization. Robert Hart, president and CEO of Kennedy Wilson Multifamily Management Group, commented, aWe are pleased with the execution of this refinance and the performance of the Summer House property, which is one of the largest communities of its kind in the East Bay.a

Mitch Clarfield, director of Deutsche Bank Berkshire Mortgage, represented Freddie Mac, the lender on the transaction.

About Kennedy Wilson

Founded in 1977, Kennedy Wilson is an international real estate investment and services company headquartered in Beverly Hills, CA with 21 offices in the U.S. and Japan. The company offers a comprehensive array of real estate services including property and asset management, brokerage and auction services, and construction and trust management. Through its fund management and separate account businesses, Kennedy Wilson is a strategic investor and manager of real estate investments in the U.S. and Japan. For further information on Kennedy Wilson, please visit [ www.kennedywilson.com ].


Publication Contributing Sources