Bridge Housing Corporation Secures $10.5M Refinancing Loan For Multifamily Property In Southeast Los Angeles

The property involved in this closed transaction is a multifamily asset located at 2062 East 99th Place in the Southeast Los Angeles market. It consists of 80 units.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $10,500,000
• Date: 03/06/2023
• Market: Southeast Los Angeles
• Lender: Fannie Mae
• Landlord: BRIDGE Housing Corporation
• Broker: Anson Snyder - JLL Capital Markets
• Loan Type: Refinancing Loan
• Loan Terms: 17-year, fixed-rate

The lender for this transaction was Fannie Mae. The landlord, BRIDGE Housing Corporation, was represented by broker Anson Snyder from JLL Capital Markets. The loan amount for this refinancing loan was $10,500,000. The loan had a 17-year, fixed-rate term.