Centerline announced it has closed two Fannie Mae DUS loans that total $16.96 million, to refinance multifamily properties in Sacramento, California for a single sponsor. The borrower is JCM Partners, LLC, a Delaware entity formed in May 2000 that currently owns and manages many multifamily and commercial properties in Northern California. The properties include: 1) Fair Oaks Meadows Apartments ($6.24 million loan) which is a garden style multifamily community that was built in 1987, and 2) River Blu I ($10.7 million loan) which is a garden style multifamily complex. The two loans are cash-out refinances and the proceeds from the cash-out will be used to purchase additional apartment investments. The loan term is seven years, with principal amortizing over a 30-year schedule, and the interest rate is 3.30%.