Cronheim Mortgage Refinances $56M Loan For Los Angeles Multifamily Portfolio

The Los Angeles multifamily portfolio comprising Barranca Los Angeles, 4Mica Apartments, and Arroyo Los Angeles receives $56 million in permanent financing. Barranca Los Angeles features a ground-floor food hall leased to multiple vendors, while Arroyo Los Angeles benefits from its proximity to Arroyo Seco Park. The amenities across the properties include pools, spas, gyms, and outdoor spaces.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $56,000,000
• Units: 316
• Address: 2020 Barranca Street, 751 Valencia Street & 5933 Monterey Road
• Market: Los Angeles
• Landlord: Todd Wexman - 4SITE Real Estate
• Brokers: Allison Villamagna & Andrew Stewart - Cronheim Mortgage
• Loan Type: Refinance

Cronheim Mortgage's Andrew Stewart and Allison Villamagna successfully secure the $56 million financing for the borrower, 4SITE Real Estate. The properties offer a range of amenities, including pools, spas, gyms, and outdoor spaces. Barranca Los Angeles also boasts a ground-floor food hall with multiple vendors, while Arroyo Los Angeles enjoys its proximity to Arroyo Seco Park.