$24,000,000 in equity and debt financing for 38-unit multifamily to condo conversion Pacific Gardens
Whitestone arranged $7.000,000 in LP equity and $17,000,000 in debt financing for the acquisition of Pacific Gardens. Comprised of 38 townhomes, Pacific Gardens is centrally located in San Mateo, CA. The plan includes a comprehensive renovation and an offering of the units as both for-sale and for-rent. The partners expect the market to remain vibrant and in high demand as a result of the strong Silicon Valley employment base.