First Pacific Financial Provides $1.38M Loan For Echo Park Multifamily Property

Located in Echo Park, the multifamily property at 1110-1112 1/2 Echo Park Ave. has recently undergone a closed transaction. This property spans approximately 5,638 square feet, making it an attractive investment in the Echo Park market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,380,000
• Address: 1110-1112 1/2 Echo Park Ave.
• Market: Echo Park
• Lender: First Pacific Financial
• Landlord: Sandra Kobrin
• Brokers: Jim Gilb - Lee & Associates, Bobby Villanueva - ReMax Commercial, Joe Mercado & Grant Feitshans - First Pacific Financial

The loan for this transaction was provided by First Pacific Financial at a loan amount of $1,380,000. It was a purchase loan with a 3.15% interest rate. The loan terms include 5 years of interest-only payments, followed by a 30-year term.