Ray Amin Secures $4.35 Million Refinance Loan For 4 Unit Multifamily Property In Los Angeles

The asset involved in this transaction is a multifamily property located at 11962 Gorham Avenue in the Los Angeles market. The property consists of 4 units and has a total square footage of 9,667. The loan amount associated with this asset is $4,350,000, categorized as a refinance. The loan terms include a 10-year term with a 3-year floater at SOFR + 2.50%, offering 3 years of interest-only payments and no prepayment restrictions after 12 months.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,350,000
• Units: 4
• Square Footage: 9,667
• Address: 11962 Gorham Avenue
• Market: Los Angeles
• Borrower: Ray Amin
• Originator: Brian Asheghian - Convoy Capital
• Loan Type: Refinance
• Loan Terms: 10 Year Term, 3 Year Floater at SOFR + 2.50% with 3 Years Interest Only and No Prepay after 12 Months

Ray Amin is the borrower involved in this transaction, while the loan was originated by Brian Asheghian, who represents Convoy Capital in this deal. The terms of the refinance indicate a strategic financial maneuver by the borrower to optimize existing debt conditions.