Yohann Bensimon Secures $3.7 Million Refinance For Multifamily Property In Los Angeles

The property involved in the transaction is a multifamily asset located at 1345 South Ogden Drive in the Los Angeles market. It consists of 5 units and has a total square footage of 10,702. The transaction included a loan amount of $3,700,000, which is categorized as a cash-out refinance. The terms of the loan are fixed for 3 years at an interest rate of 5.81%, with the first year being interest-only and a stepdown prepayment feature.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,700,000
• Address: 1345 South Ogden Drive
• Market: Los Angeles
• Units: 5
• Square Footage: 10,702
• Loan Type: Refinance
• Loan Terms: Cash Out Refinance for 3 Years Fixed at 5.81% with 1 year of Interest Only and Stepdown Prepay
• Landlord: Yohann Bensimon
• Broker: Brian Asheghian - Convoy Capital
• Developer: Ikon Advisors

Yohann Bensimon serves as the landlord for this multifamily property. The transaction was brokered by Brian Asheghian from Convoy Capital, who played a key role in facilitating the deal. The development aspect is managed by Ikon Advisors, indicating a collaboration among various stakeholders in the transaction.