E&S Ring has secured refinancing from Voya Investment Management for a multifamily portfolio of six properties in Southern California.
Northmark was announced $ 95.8 million refinancing for a portfolio of 1,461 units. Company Nathan Prouty, Andrew Slaton and John Holt facilitate the deal.
Refinance includes loans in the portfolio, including four loans from Voya in 2007. The new financing has been structured six non-cross-collateralized loans, and includes a combination of fixed- and floating loans, interest-only payments and prepayment provisions.
Four properties are in the Los Angeles area, one in Culver City, and the sixth in Victorville. The portfolio includes 168 units House of Granada and 183 units Sunset Barrington Gardens in Brentwood; unit 117 Southern Meadows in Culver City; which is 400 units Mount Vista in Victorville; unit 317 Rancho Los Feliz in Los Feliz; and 276 units Villa Vicente in Mid-Wilshire.
Greater Los Angeles multifamily vacancies held at 4.5 percent through the first half of the year, while average rents remained slightly below levels from a year ago, according to the latest numbers from Northmarq. Investment activity accelerated, with more than 40 percent of property transactions in the first half than in the same period in 2025.
Gregory Cornfield can be reached gcornfield@commercialobserver.com.