Updated May 12, 2025
Continental Partners Refinances Multifamily Property In Brentwood, Los Angeles For $4.95M
11742 Mayfield Avenue, Los Angeles, California 90049, United States
$4,950,000
$233/SF
Building Size
21,206 SF
Asset Type
MultiFamily
Closing
Mar 29, 2022
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 11742 Mayfield Ave. in the Brentwood area of Los Angeles. The building has a total square footage of 21,206 and contains 18 units.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $4,950,000
- Loan Type: Refinance
- Loan Terms: Cash Out Refinance with 7 Years Fixed, 3 Years of Interest Only at 3.50% with Stepdown Prepay
- Lender: Continental Partners
- Landlord: Malihe Shab
- Broker: Brian Asheghian - Continental Partners
The key individuals involved in the transaction include Malihe Shab, who is the landlord of the property. Brian Asheghian serves as the broker representing the lender, Continental Partners, in this refinancing deal.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.20%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93