$122M Financing for Anton DevCo’s Milpitas MF Development
Anton DevCo secured $121.7 million for the development of Anton Milpitas 730, a 266-unit, Class A multifamily community with 1,800 square feet of retail in Milpitas, CA. The project is located on 3.34 acres at 730 E. Capitol Ave., directly across from the nearly-completed Milpitas BART station.
HFF’s Sean Deasy, Mark Erland and Matthew Benson worked on behalf of the developer to arrange the participating loan through an institutional partner. This is the second phase of Anton’s two-phase development. HFF also arranged a participating mortgage for the under construction Phase I in May 2017.
Anton Milpitas 730 is due for completion in 2020. The five-story, wrap-style building will offer a unit mix ranging from studios to two-bedrooms. Planned amenities include co-working space, dining and community courtyards, outdoor social space, a resident lounge, rooftop fitness center and pool, pet spa, bike repair station and a 372-space, six-story parking garage.