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Gantry Secures $4.3M Loan To Refinance Parkside La Palma Apartments In Anaheim

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FINANCED
$4,300,000
George Mitsanas
Keegan Bridges
Stefan Malmlund

California

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MultiFamily
Financed 05/23/2024
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Property Image
FINANCED

Gantry Secures $4.3M Loan To Refinance Parkside La Palma Apartments In Anaheim

1000 East La Palma Avenue

See Similar Deals
MultiFamily
Financed 05/23/2024
George Mitsanas
Keegan Bridges
Stefan Malmlund
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan

The Parkside La Palma Apartments in Anaheim, a multifamily property consisting of 79 units, recently underwent a refinancing transaction. The property located at 1000 East La Palma Avenue secured a $4.3 million permanent loan through Gantry. The loan terms include a 10-year loan with a fixed rate, 20-year amortization, and prepayment options.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,300,000
  • Address: 1000 East La Palma Avenue
  • Market: Anaheim
  • Loan Type: Refinance
  • Loan Terms: 10-year loan with a fixed rate, 20-year amortization, and prepayment options

Gantry, the largest independent commercial mortgage banking firm in the U.S., facilitated the refinancing of the Parkside La Palma Apartments in Anaheim. The borrower, a private real estate investor, was represented by Gantry's George Mitsanas, Stefan Malmlund, and Keegan Bridges in this transaction.

Players

George Mitsanas
Gantry
George Mitsanas
16 deals$896.8M volume
BROKER
Keegan Bridges
Gantry
Keegan Bridges
4 deals$75M volume(310) 846-5304
BROKER
Stefan Malmlund
Gantry
Stefan Malmlund
3 deals$23.7M volume(949) 777-9031
BROKER

Details

FINANCED
IMAGE: 05/23/2024 ADDRESS: 1000 East La Palma Avenue MARKET: Anaheim ASSET TYPE: Multifamily ~ UNITS: 79 BROKERS: George Mitsanas, Keegan Bridges & Stefan Malmlund - Gantry LOAN AMOUNT: $4,300,000 LOAN TYPE: Refinance LOAN TERMS: 10-year loan with a fixed rate, 20-year amortization, and prepayment options NOTE: Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $4.3 million permanent loan to refinance the Parkside La Palma Apartments in Anaheim. Represented by Gantry’s George Mitsanas, Stefan Malmlund, and Keegan Bridges, the borrower, a private real estate investor, benefited from favorable terms including a low leverage request, a 10-year loan with a fixed rate, 20-year amortization, and prepayment options, highlighting the property’s strong underwriting metrics and its potential for value creation through experienced management and robust long-term fundamentals.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,300,000.00

Monthly NOI$28,666.67
Monthly Debt Service$27,178.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00