James Kaplan Secures $3.625M Cash Out Refinance For Multifamily Asset In Beverly Hills

The property involved in this transaction is an 8-unit multifamily asset located at 132 South Oakhurst Drive in Beverly Hills. The total square footage of the asset is 6,468. The loan amount for the refinance is $3,625,000, which is structured as a cash-out refinance with a fixed rate of 5.80% for a term of 3 years. The asset has been fully renovated and features flexible prepayment terms.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,625,000
• Address: 132 South Oakhurst Drive
• Market: Beverly Hills
• Units: 8
• Square Footage: 6,468
• Loan Type: Refinance
• Loan Terms: Cash Out Refinance of Fully Renovated Multifamily Asset for 3 Years Fixed at 5.80% with Flexible Prepay
• Landlord: James Kaplan
• Broker: Brian Asheghian - Convoy Capital

James Kaplan is the landlord of the property, and the brokerage representing him in this transaction is Convoy Capital, with Brian Asheghian as the broker handling the loan refinance process.