Jonny Soleimani Secures $8 Million Refinance Loan For Hotel In Los Angeles

The transaction involves a hotel asset in the Los Angeles market with a total square footage of 123,808. The loan amount secured for this property is $8,000,000, intended for refinancing purposes. The loan has specific terms of either 3 years with an option to renew for 3 or 5 years, providing flexibility for the borrower.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $8,000,000
• Loan Type: Refinance
• Loan Terms: 3+ 3 or 5
• Broker: Jonny Soleimani - PSRS- Pacific Southwest Realty Services

Jonny Soleimani represents the broker in this transaction, facilitating the loan arrangement with Custom Life Co. The financing structure includes a floating-to-fixed rate option that allows the borrower to lock in rates as needed, with potentially advantageous financial terms such as no origination fees and a non-recourse agreement. The loan is designed for those seeking flexibility in repayment and market rate adjustments.