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Pacific Southwest Realty Services Arranges $3M Refinance Loan For Summerdale Apartments

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FINANCED
$3,000,000
Grady Seldin
Thomas Rudinsky

California

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MultiFamily
Financed 03/13/2024
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Property Image
FINANCED

Pacific Southwest Realty Services Arranges $3M Refinance Loan For Summerdale Apartments

1230 South Dale Avenue

See Similar Deals
MultiFamily
Financed 03/13/2024
Grady Seldin
Thomas Rudinsky
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan

The Summerdale Apartments in Anaheim, a 34-unit multifamily property located at 1230 South Dale Avenue, received $3 million in financing. The loan was a non-recourse loan with a seven-year, interest-only term arranged by Grady Seldin and Thomas Rudinsky from Pacific Southwest Realty Services (PSRS).

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Address: 1230 South Dale Avenue
  • Market: Anaheim
  • Loan Type: Refinance
  • Loan Terms: Seven-year, interest-only term

PSRS, represented by Grady Seldin & Thomas Rudinsky, secured the financing for the Summerdale Apartments through a correspondent life insurance company for an undisclosed borrower. The property boasts amenities like a pool and on-site laundry facilities.

Players

Grady Seldin
PSRS- Pacific Southwest Realty Services
Grady Seldin
2 deals$6.7M volume(310) 440-2312
BROKER
Thomas Rudinsky
PSRS- Pacific Southwest Realty Services
Thomas Rudinsky
6 deals$24.6M volume(310) 440-2307
BROKER

Details

FINANCED
IMAGE: Grady Seldin & Thomas Rudinsky DATE: 03/13/2024 ADDRESS: 1230 South Dale Avenue MARKET: Anaheim ASSET TYPE: Multifamily BROKERS: Grady Seldin (@GradysLife) & Thomas Rudinsky (@Rudyswrld) - Pacific Southwest Realty Services (PSRS) (@PSRSLA) LOAN AMOUNT: $3,000,000 LOAN TYPE: Refinance LOAN TERMS: non-recourse loan, with a seven-year, interest-only term NOTE: PSRS secured $3 million in financing for Anaheim's Summerdale Apartments, a 34-unit property with amenities like a pool and on-site laundry. The non-recourse loan, arranged by Grady Seldin and Thomas Rudinsky, features a seven-year, interest-only term through a correspondent life insurance company for an undisclosed borrower.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,000,000.00

Monthly NOI$20,000.00
Monthly Debt Service$18,962.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00