Continental Partners Inc Provides $4.2M Acquisition Loan For Multifamily Property In Valley Village | 12015 Kling Street | Brian Asheghian | MultiFamily | Loan

Summary

Loan

CALIFORNIA

MultiFamily

23,973 sqft

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.

Players

All
2

Agents
1
Agencies
1

Brian Asheghian

Director

Convoy Capital

Details

Deal Summary

FINANCED

IMAGE: Brian Asheghian DATE: 12/26/2023 ADDRESS: 12015 Kling Street MARKET: Valley Village ASSET TYPE: Multifamily ~ UNITS: 24 ~ SF: 23,973 LENDER: Continental Partners Inc (@ContiPartners) LANDLORD: Nathan Stein BROKERS: Brian Asheghian (@BAsheghian) - Continental Partners LOAN AMOUNT: $4,200,000 LOAN TYPE: Acquisition Loan LOAN TERMS: 5 Year Fixed at 6.25% with Stepdown Prepay and only 50% Recourse

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Address12015 Kling Street

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