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

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FINANCED
$10,500,000

California

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MultiFamily
Financed 03/06/2023
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Property Image
FINANCED

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

2062 East 99th Place

See Similar Deals
MultiFamily
Financed 03/06/2023
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan

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.

Players

Anson Snyder
JLL
Anson Snyder
5 deals$48.9M volume(310) 407-2132
BROKER

Details

FINANCED
IMAGE: Anson Snyder DATE: 03/06/2023 ADDRESS: 2062 East 99th Place MARKET: Southeast Los Angeles ASSET TYPE: Multifamily ~ UNITS: 80 LENDER: Fannie Mae (@OfficialFannieMae) LANDLORD: BRIDGE Housing Corporation BROKER: Anson Snyder - JLL Capital Markets (@JLL) LOAN AMOUNT: $10,500,000 LOAN TYPE: Refinancing Loan LOAN TERMS: 17-year, fixed-rate

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$10,500,000.00

Monthly NOI$70,000.00
Monthly Debt Service$66,367.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00