Hakim Holdings Refinances Mixed-Use Property At 6535 Melrose Ave With $14M Loan From Amalgamated Bank

The property asset involved in this transaction is a mixed-use building located at 6535 Melrose Ave in the West Hollywood market of Los Angeles. The asset encompasses a total square footage of 39,114 and is associated with a loan amount of $14,000,000, which is a refinance loan with terms spanning 10 years at an interest rate of 4.22%, structured as full-term interest only.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $14,000,000
• Address: 6535 Melrose Ave
• Market: West Hollywood, Los Angeles
• Asset Size: 39,114 SF
• Lender: Amalgamated Bank
• Landlord: Hakim Holdings
• Brokers: Jonathan Aghravi, Tim Cox & Evan Srebrenik - JBA Equities LLC
• Loan Type: Refinance
• Loan Terms: 10 years @ 4.22%, Full-Term Interest Only

The key individuals involved in this transaction include brokers Jonathan Aghravi, Tim Cox, and Evan Srebrenik, who represent JBA Equities LLC in this deal. The lender, Amalgamated Bank, provides the financial backing for the transaction, while the landlord of the property is Hakim Holdings.