First Republic Bank Provides $22.65M Refinance Loan For Mixed-Use Properties In Southern California

The recently closed transaction in Southern California involved a mixed-use property spanning approximately 66,860 square feet. The property is located at 312 Rosecrans Ave., 18971 Ventura Blvd., 1701 Colorado Ave., and 6821 Balboa Blvd. The transaction was a refinancing deal.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $22,650,000
• Lender: First Republic Bank
• Brokers: Jonathan Aghravi, Tim Cox, Eli Terry - JBA Equities LLC
• Loan Type: Refinance
• Loan Terms: 3.6%, 5 Years Interest-Only

The deal was facilitated by JBA Equities LLC, represented by brokers Jonathan Aghravi, Tim Cox, and Eli Terry. First Republic Bank provided the loan for the refinancing, amounting to $22,650,000 at a 3.6% interest rate. The loan terms included 5 years of interest-only payments.