The transaction involves a multifamily portfolio consisting of 596 units across seven properties located at 15125 Saticoy Street, 9014 Orion Avenue, 8503 Tobias Avenue, 21205 Saticoy Street, 6706 Hayvenhurst Avenue, 14732 South Maple Avenue, and 9019 Tobias Avenue. The properties are situated in the Van Nuys, North Hills, Panorama City, and Gardena markets. The loan secured for this acquisition amounts to $64,600,000, representing a 76% loan-to-value ratio with a fixed-rate interest exceeding 5%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $64,600,000
• Units: 596
• Loan Type: Acquisition
• Broker: Zalmi Klyne - NorthMarq
• Market: Van Nuys, North Hills, Panorama City & Gardena

NorthMarq facilitated the financing for this substantial multifamily real estate transaction, acting on behalf of a private owner based in Moorpark. The loan arrangement supports their ongoing investment in the San Fernando Valley area, confirming the commitment to the multifamily sector.