Stefen Chraghchian Of Institutional Property Advisors Secures $76 Million Loan For Multifamily Development In Monrovia
127 West Pomona Avenue
$76,000,000
$288/SF
Building Size
263,600 SF
Asset Type
MultiFamily
Closing
Jul 30, 2025
AI
The asset involved is a multifamily development located at 127 West Pomona Avenue in Monrovia, California. This property comprises 232 units and offers a total square footage of 263,600. The transaction pertains to a bridge loan that was assessed at $76,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $76,000,000
- Loan Type: Bridge
- Loan Terms: 24 Months
- Lender: Affinius Capital
Stefen Chraghchian of Institutional Property Advisors arranged the financing for this construction completion to bridge loan transaction, highlighting his role in facilitating the deal.
Players
Monrovia MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93