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1000 East La Palma Avenue
FINANCED

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

1000 East La Palma Avenue

MultiFamily
clock iconFinanced 59 days ago
George Mitsanas
Keegan Bridges
Stefan Malmlund
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Summary

Loan
CALIFORNIA
MultiFamily

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.

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George Mitsanas
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Details

Deal Summary
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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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Address1000 East La Palma Avenue

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