Alliance Residential And PCCP Secure $43.5M Refinance Loan For 134-Unit Multifamily In Los Angeles

The property involved in this transaction is a multifamily asset located at 1800 North New Hampshire Avenue, comprising 134 units. The market in which this property is situated is Los Angeles, and the transaction pertains to a refinance loan of $43,500,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $43,500,000
• Loan Type: Refinance
• Loan Terms: five-year, floating-rate
• Lender: Josh Westerberg & Hoony Shin - Mesa West Capital
• Landlord: V. Jay Hiemenz - Alliance Residential; PCCP
• Broker Team: Troy Tegeler, Trevor Breaux, Ryan Greer & CJ Connolly - CBRE

This refinance transaction was facilitated by CBRE, where brokers Troy Tegeler, Trevor Breaux, Ryan Greer, and CJ Connolly were instrumental in arranging the deal. The loan was originated by Josh Westerberg and Hoony Shin on behalf of Mesa West Capital, aligning financial support with the objectives of Alliance Residential and PCCP.