Michael Warner Of PSRS Arranges $6.9M Loan For Affordable Multifamily Development In Los Angeles
$6,900,000
Units
40
Asset Type
Development Site
Closing
Jan 29, 2026
AI
This transaction involves a development site located in Los Angeles. The total loan amount secured for this project is $6,900,000. The financing structure allows for a 24-month period with interest-only payments. The loan is arranged specifically for a 40-unit affordable multifamily development in the area, supporting the initiative to enhance affordable housing options in Los Angeles.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,900,000
- Loan Terms: 24-month, interest-only
- Market: Los Angeles
- Broker: Michael Warner - PSRS- Pacific Southwest Realty Services
The loan was arranged by Michael Warner representing PSRS- Pacific Southwest Realty Services, facilitating financing for the developer AH Los Angeles, who is undertaking this affordable housing project in the city. The financing is structured with a loan-to-cost ratio of 68% which reflects the commitment to affordable housing developments.
Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93