Meridian Capital Group Arranges $7.5M Refinance Loan For Luxury Multifamily In Santa Monica

The property involved in this transaction is a luxury multifamily building with 13 units located at 1751 Appian Way in the prime oceanfront area of Santa Monica. The loan, provided by Mega Bank, is a refinance loan for an amount of $7,500,000. The terms of the loan include a fixed interest rate of 6.00% for 5 years, with 3 years of interest-only payments and a flexible prepayment penalty.

Summary of transaction details:

• Property Type: Luxury Multifamily – 13-Units
• Transaction Amount: $7,500,000
• Lenders: Mega Bank
• Brokers: Morgan Ben-Moshe, David Oheb, Dorian Aftalion – Meridian Capital Group
• Date: 09/22/2023
• Market: Prime Oceanfront Santa Monica

The brokers involved in this deal are Morgan Ben-Moshe, David Oheb, and Dorian Aftalion from the Meridian Capital Group. For more information on how Meridian can add value to your portfolio on your next financing, please contact:

Morgan Ben-Moshe
323-703-3626
[email protected]

David Oheb
212-612-0193
[email protected]