Updated May 12, 2025
Continental Partners Secures $3.39M Refinance Loan For West Hollywood Multifamily
1234 North Laurel Avenue, West Hollywood, CA 90046
$3,390,000
$190/SF
Building Size
17,784 SF
Asset Type
MultiFamily
Closing
Sep 30, 2021
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 1234 N. Laurel Ave., West Hollywood. This asset encompasses a total square footage of 17,784 and consists of 22 units, reflecting its capacity for residential accommodation.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,390,000
- Lender: Continental Partners
- Loan Type: Refinance
- Loan Terms: 7 Year Fixed with 5 Years of Interest Only at 3.20% with Stepdown Prepay
- Broker: Brian Asheghian - Continental Partners
- Date: 09/30/2021
The deal was brokered by Brian Asheghian, who represented Continental Partners in facilitating the financing of this multifamily property. The transaction marks an important refinancing of the asset, reflecting the financial negotiations within the West Hollywood market.
Players
West Hollywood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Brian Asheghian to view all their deals.
Browse California multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.68%
Cash-on-Cash
-1.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93