A&B Partners Provides $5.4M Loan For Day Care In Inglewood

Located in Inglewood, the property at 1213, 1217, and 1223 South Centinela Avenue recently underwent a significant loan transaction. The asset, a special use property functioning as a daycare facility, secured a 1-year loan amounting to $5,400,000 from A&B Partners. This loan allows for a 77% non-recourse cash-out refinance, providing much-needed financial flexibility for the property's owner, MMZ Holdings, LLC.

Summary of transaction details

• Property Type: Special Use
• Transaction Amount: $5,400,000
• Address: 1213, 1217, 1223 South Centinela Avenue
• Market: Inglewood
• Lender: A&B Partners
• Landlord: MMZ Holdings, LLC
• Broker: Salar Royaei - representing both the buyer and seller
• Loan Terms: 1-year
• Square Footage: 38,647 SF

Salar Royaei of A&B Partners facilitated this loan transaction, enabling the property owner to take advantage of the daycare facility's unique value in Inglewood. The loan affords MMZ Holdings, LLC with a significant cash infusion, allowing them to explore further opportunities and enhance the facility's operations.