A&B Partners Provides $5.4M Loan For Day Care In Inglewood
1213, 1217, 1223 South Centinela Avenue
38,647 SF
Summary
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.
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