Updated Oct 15, 2026
Michael Anderson-Mitterling Represents RRA Capital In $6.47M Loan For Long Beach Multifamily Asset
1720 1740 Park Ave
$6,470,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 3, 2024
About this deal
AI
The asset involved in this transaction is a MultiFamily property located at 1720 1740 Park Ave in Long Beach. The loan amount secured for this transaction is $6,470,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,470,000.00
- Loan Date: 10/03/2024
- Lender: RRA Capital
- Broker: Michael Anderson-Mitterling
This transaction features Michael Anderson-Mitterling representing the broker side. The involvement of RRA Capital as the lender is significant in facilitating this loan arrangement.
The multifamily loan at 1720 1740 Park Ave in Long Beach, California financed for $6.5M in 2024. 1720 1740 Park Ave is classified as Multifamily on Traded. Michael (Mikee) Anderson-Mitterling, Ballast Real Estate Advisors appear on the loan alongside Ballast Real Estate Advisors. This page is the Long Beach, California file for the 1720 1740 Park Ave multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Long Beach sit in the Market section below. Filter that Long Beach multifamily set by closing date to see what else financed near 1720 1740 Park Ave around 2024. Published consideration for 1720 1740 Park Ave is $6.5M, dated 2024. Cite this Michael Anderson-Mitterling Represents RRA Capital In $6.47M Loan For Long Beach Multifamily Asset loan when underwriting similar multifamily product around Long Beach, California.
On the Map
$6,470,000
MultiFamily
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Players
Long Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.45%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93