Walker & Dunlop Arranges $77.8M Refinancing For OLiVE DTLA Multifamily In Los Angeles

The asset involved in this transaction is OLiVE DTLA, a mid-rise multifamily property located at 1243 South Olive Street in Los Angeles. This property was built in 2016 and is situated in downtown LA’s dense employment core, near the Financial District and major entertainment hubs. The transaction centers around a loan amount of $77,800,000, which includes a $66 million loan from Fannie Mae and $11.8 million in preferred equity from Tokyu Land US Corporation.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $77,800,000
• Address: 1243 South Olive Street
• Market: Los Angeles
• Lender: Fannie Mae & Tokyu Land US Corporation
• Brokers: Jeremy Seid, Joe Tarantino, Justin Nelson, Eric Norris & Allan Edelson - Walker & Dunlop

This refinancing deal reflects the strong lender appetite for stabilized urban multifamily assets, with Walker & Dunlop successfully arranging the financing. The brokers involved in the transaction are Jeremy Seid, Joe Tarantino, Justin Nelson, Eric Norris, and Allan Edelson from Walker & Dunlop, who represent the interests of both the lender and the borrower in this deal.