Jon Stein Secures $5.08 Million Refinance Loan For Multifamily Property In Los Angeles

The property asset involved in this transaction is a multifamily building located at 2130 West 54th Street & 2900 West 54th Street in Los Angeles. The asset comprises 26 units and has a total square footage of 16,260. The transaction involved a loan amount of $5,080,000, designated for refinance purposes with terms set at 5 years fixed and 5 years interest only at a rate of 6.13%, accompanied by no prepay penalty and no loan to cost restriction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,080,000
• Loan Type: Refinance
• Loan Terms: 5 Years Fixed with 5 Years Interest Only
• Interest Rate: 6.13%
• Prepay Penalty: No
• Loan to Cost Restriction: No
• Landlord: Jon Stein
• Broker: Brian Asheghian - Convoy Capital
• Date: 11/20/2025
• Market: Los Angeles

Key individuals involved in the deal include Jon Stein, who acts as the landlord, and Brian Asheghian, representing Convoy Capital as the broker. Their roles were pivotal in facilitating this refinance transaction, contributing their expertise to secure the loan under the specified terms.