First Foundation Provides $10M Refinance Loan For 103-Unit Multifamily Property On Oxnard St. In Van Nuys

First Foundation provided a $10,000,000 refinance loan for a multifamily property located at 13141 Oxnard St. in Van Nuys. The property has a total square footage of 78,600 and consists of 103 units. The loan terms include a 5-year fixed term, a 3.25% interest rate, full-term interest-only payments, and non-recourse financing.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $10,000,000
• Address: 13141 Oxnard St.
• Market: Van Nuys
• Square Footage: 78,600
• Units: 103
• Lender: First Foundation
• Brokers: Garryn Laws & Matthew Bucaro - Tauro Capital Advisors Inc.
• Loan Type: Refinance
• Loan Terms: 5-years fixed, 3.25% rate, Full-Term IO, Non Recourse

The loan transaction was facilitated with the assistance of Garryn Laws and Matthew Bucaro from Tauro Capital Advisors Inc.