Dealmaker: Slate Asset Management Closes $27M Senior Loan Facility for Oakland Multifamily Property

(Image Courtesy Slate Asset Management)

Slate Asset Management, Toronto, announced its unit Slate Real Estate Capital closed a $27 million senior loan facility provided to a private investor for the financing of Lantana Uptown, a multifamily residential property in Oakland, Calif.

Slate is an active lender through its real estate credit platform, Slate Real Estate Capital, which provides transitional capital and flexible liquidity to strong sponsors and assets across the commercial real estate industry.

Charles Halladay and Lillian Roos of Jones Lang LaSalle Americas Inc. represented the borrower for the transaction.

Lantana Uptown, constructed in 2020, is a 140-unit property in the Uptown neighborhood of Oakland.