Updated Oct 28, 2024
First Foundation Provides $10M Refinance Loan For 103-Unit Multifamily Property On Oxnard St. In Van Nuys
13141 Oxnard Street, Van Nuys, California 91401, United States
$10,000,000
$127/SF
Building Size
78,600 SF
Asset Type
MultiFamily
Closing
May 23, 2022
About this deal
AI
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.
On the Map
$10,000,000
$127/SF
MultiFamily
View full map
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Garryn Laws to view all their deals.
Browse Los Angeles multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93