Updated Mar 11, 2025
Continental Partners Provides $7.25M Refinance Loan For Highland Park Multifamily
210-212 N Ave 55, Northeast Los Angeles, Los Angeles, CA, USA
$7,250,000
$198/SF
Building Size
36,495 SF
Asset Type
MultiFamily
Closing
Aug 26, 2021
About this deal
AI
An apartment building located at 210-212 N. Ave. 55 in Highland Park, with a total square footage of 36,495 and consisting of 44 units, has recently undergone a loan refinance transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,250,000
- Loan Type: Refinance
- Loan Terms: 5 Years Fixed, 30 Year Term at 2.90% at 65% LTV and Stepdown Prepay
The loan was facilitated by Continental Partners, and Brian Asheghian from the same agency served as the broker representing the parties involved.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93