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Continental Partners Arranges $1.78M Loan For Multifamily Property In Pico-Robertson

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FINANCED
$1,781,500

California

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MultiFamily6,920 SF
Financed 05/08/2019
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Property Image
FINANCED

Continental Partners Arranges $1.78M Loan For Multifamily Property In Pico-Robertson

1546 S Bedford St, Pico - Robertson, Los Angeles, CA, USA

See Similar Deals
MultiFamily6,920 SF
Financed 05/08/2019
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$257
Total Square Footage:6,920 SF
Transaction Type:Loan

The property asset involved in the transaction is a multifamily unit located at 1546 S Bedford St in the Pico - Robertson market. The loan amount secured for this asset is $1,781,500, with a fixed term of 5 years and a total term of 30 years. The loan features a75% loan-to-value ratio, an interest rate of 4.45%, and is non-recourse. The building encompasses a total square footage of 6,920.

Summary of transaction details:

The key individuals involved in this transaction include Brian Asheghian and Zalmi Klyne, who acted as brokers for the deal. Their respective roles were integral in facilitating the loan arrangement provided by Continental Partners, ensuring a smooth transaction process for the multifamily property.

Players

Brian Asheghian
55 deals$389.7M volume(310) 922-1068
BROKER

Zalmi Klyne
NorthMarq
9 deals$184.5M volume
BROKER

Continental Partners
BROKERAGE

Details

FINANCED
IMAGE: Brian Asheghian @basheghian and Zalmi Klyne @contipartners DATE: 05/08/2019 ADDRESS: 1546 S Bedford St MARKET: Pico - Robertson ASSET TYPE: Multifamily LENDER: Continental Partners BROKERS: Brian Asheghian, Zalmi Klyne LOAN AMOUNT: $1,781,500 LOAN TERMS: 5 Year Fixed, 30 Year Term, 75% LTV, 4.45%, Non-Recourse SF: 6,920

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,781,500.00

Monthly NOI$11,876.67
Monthly Debt Service$11,260.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00