Continental Partners Inc Provides $4.2M Acquisition Loan For Multifamily Property In Valley Village

The multifamily property located at 12015 Kling Street in Valley Village has been involved in a closed transaction. The property consists of 24 units and spans a total of 23,973 square feet. The transaction details include an acquisition loan provided by Continental Partners Inc for a loan amount of $4,200,000. The loan is of the type "Acquisition Loan" and has a fixed term of 5 years at an interest rate of 6.25%. It includes a stepdown prepayment feature and offers only 50% recourse.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,200,000
• Address: 12015 Kling Street, Valley Village
• Units: 24
• Square Footage: 23,973

Brian Asheghian from Continental Partners represented both the buyer and the seller, Nathan Stein, in this transaction.