Updated Mar 11, 2025
Serrano Development Group Secures $27.8M Refinance Loan For Edgeway Apartments In Bellflower, California
16411 Bellflower Boulevard
$27,800,000
Units
91
Asset Type
MultiFamily
Closing
Jan 18, 2024
About this deal
AI
The Edgeway apartment complex, located at 16411 Bellflower Boulevard in Bellflower, California, has secured a $27.8 million refinancing loan from Colliers Mortgage. The luxury community consists of 91 units, offering one to three-bedroom apartments. Completed in 2023, the property features various amenities including a pool, spa, business center, and fitness center.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $27,800,000
- Units: 91
The loan was secured by Jason Tolleson from the Serrano Development Group with representation from Bill Hyatt, Shahin Yazdi, and Jonathan Lee of Colliers International. This five-year refinancing loan will provide financial stability to the Edgeway apartment complex in Bellflower.
On the Map
$27,800,000
MultiFamily
View full map
Players
Bellflower MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Shahin Yazdi to view all their deals.
Browse California multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93