facebook
Traded Co logo
Submit a Deal
FINANCED

Meridian Capital Group Refinances 70-Unit Multifamily Property In Los Angeles With $13.4M Loan

1621 North Mccadden Place

MultiFamily
clock iconFinanced 1 year ago
Max Jacobson
David Oheb
the dealplayerscompscontact
share iconContact now

Summary

Loan
CALIFORNIA
MultiFamily

The property involved in this transaction is a multifamily building located at 1621 North Mccadden Place in Los Angeles. The building consists of 70 units.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $13,400,000
  • Loan Type: Refinance
  • Loan Terms: 5.50%, Seven Years Fixed, Two Years Of Interest Only Payments Followed By A 30 Year Amortization
  • Lenders: Meridian Capital Group
  • Brokers: David Oheb & Max Jacobson - Meridian Capital Group

David Oheb and Max Jacobson from Meridian Capital Group represented the borrower in this deal. Meridian leveraged a core lending relationship to provide a custom-tailored loan with market-best terms. The loan was used to refinance the borrower out of their construction loan. It is worth noting that the property was only 20% occupied at the time of closing.

For more information on how Meridian can add value to your portfolio, please contact David Oheb at 212-612-0193 or [email protected].

Players

  • All

    3

  • Agents

    2

  • Agencies

    1

Max Jacobson's profile picture
Max Jacobson
Meridian Capital Group-image
Associate
$20M Sold
David Oheb's profile picture

Details

Deal Summary
minus icon
FINANCED
IMAGE: David Oheb, Max Jacobson DATE: 05/04/2023 ADDRESS: 1621 North Mccadden Place MARKET: Los Angeles ASSET TYPE: Multifamily ~ UNITS: 70 BROKERS: David Oheb (@TeamOheb) & Max Jacobson (@Max_Jacobson) - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $13,400,000 LOAN TYPE: Refinance LOAN TERMS: 5.50%, Seven Years Fixed, Two Years Of Interest Only Payments Followed By A 30 Year Amortization NOTE FROM BROKER: Meridian leveraged a core lending relationship to deliver a completely custom-tailored loan with market-best terms to refinance the borrower out of their construction loan while the property was only 20% occupied at closing. For more information on how Meridian can add value to your portfolio please contact: • David Oheb • 212-612-0193 • [email protected]

View on map

Loading...

Address1621 North Mccadden Place

Comparables

No listingsThis user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want