Login

Low-Interest Loan Helps Get Largest Fresno Apartment Deal in Two Years Done

Favorable Terms Allow New Owner To Open Off-Campus Student Housing to Wider Market
The Victor, situated across the street from the California State University, Fresno football stadium, will transition under new ownership from a by-the-bed model to by-the-unit in a move to take advantage of local demand and increase occupancy rates. (CoStar)
The Victor, situated across the street from the California State University, Fresno football stadium, will transition under new ownership from a by-the-bed model to by-the-unit in a move to take advantage of local demand and increase occupancy rates. (CoStar)
CoStar News
March 21, 2024 | 3:07 P.M.

In Fresno, California’s largest multifamily deal in nearly two years, The Mogharebi Group brokered a $30 million transaction where favorable financing played a key role during a time when high-interest rates have largely stifled investment across the United States.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE