Continental Partners Provides $5.8M Refinance Loan For Multifamily Property On Federal Avenue, Los Angeles
California
See Similar DealsContinental Partners Provides $5.8M Refinance Loan For Multifamily Property On Federal Avenue, Los Angeles
1433 Federal Ave Los Angeles, CA 90025, USA
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The assets involved in this transaction are located at 1433 Federal Avenue and 1544 Granville Ave in the Los Angeles market. The multifamily property consists of 16 units totaling 25,654 square feet. The loan amount associated with these properties is $5,800,000, secured through refinancing with specific terms that include a 5-Year Fixed rate at 5.30%, 2 Years of Interest Only payments, and a Stepdown Prepayment penalty of 3,2,1%, with a Non-Recourse provision.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,800,000
- Loan Type: Refinance
- Loan Terms: 5 Year Fixed at 5.30% with 2 Years of IO and Stepdown Prepay of 3,2,1% with Non-Recourse
- Address: 1433 Federal Avenue & 1544 Granville Ave
- Market: Los Angeles
- Units: 16
- Square Footage: 25,654
- Lender: Continental Partners Inc.
- Landlord: Manijeh Kamdar
- Broker: Brian Asheghian - Continental Partners
The individuals and firms involved in this transaction include the broker Brian Asheghian from Continental Partners, who facilitated the loan secured by the landlord Manijeh Kamdar. The refinancing was arranged through Continental Partners Inc., highlighting the collaborative effort in this real estate finance deal.
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