Continental Partners Secures $3.39M Refinance Loan For West Hollywood Multifamily | 1234 North Laurel Avenue | Brian Asheghian | MultiFamily | Loan

Summary

Loan

CALIFORNIA

MultiFamily

17,784 sqft

The property involved in this transaction is a multifamily asset located at 1234 N. Laurel Ave. in West Hollywood. It has a total square footage of 17,784 and comprises 22 units.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $3,390,000
Address: 1234 N. Laurel Ave.
Market: West Hollywood
Square Footage: 17,784
Units: 22

Brian Asheghian from Continental Partners served as the broker in this transaction. Continental Partners was also the lender, providing a refinancing loan of $3,390,000. The loan terms consist of a 7-year fixed period, with the first 5 years being interest only. The interest rate is 3.20%, and there is a stepdown prepayment option.

Players

All
2

Agents
1
Agencies
1

Brian Asheghian

Director

Convoy Capital

Details

Deal Summary

FINANCED

IMAGE: Brian Asheghian DATE: 09/30/2021 ADDRESS: 1234 N. Laurel Ave. MARKET: West Hollywood ASSET TYPE: Multifamily ~ SF: 17,784 ~ UNITS: 22 LENDER: Continental Partners BROKER: Brian Asheghian (@BAsheghian) - Continental Partners LOAN AMOUNT: $3,390,000 LOAN TYPE: Refinance LOAN TERMS: 7 Year Fixed with 5 Years of Interest Only at 3.20% with Stepdown Prepay

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Address1234 North Laurel Avenue

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