Laurie Morfin & David Bleiweiss Of NewPoint Real Estate Capital Provide $29.8M Loan For GH Palmer's Sea View Villas

17325 Castellammare Drive is a multifamily property located in Pacific Palisades, consisting of 29 units. The property has been refinanced for a total amount of $29,800,000. The financing was executed through a conventional loan provided by Fannie Mae.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $29,800,000
• Lender: Laurie Morfin & David Bleiweiss - NewPoint Real Estate Capital; Fannie Mae
• Landlord: GH Palmer
• Loan Type: Refinance
• Loan Terms: five-year, fixed-rate
• Units: 29

The refinance loan was orchestrated by Laurie Morfin and David Bleiweiss, offering GH Palmer long-term stability and cash flow flexibility through a five-year, fixed-rate loan with full-term interest-only payments. This arrangement reflects the lenders' commitment to facilitating significant financing within the multifamily asset market.