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2233 Merton Avenue

James Weissenborn & Christian Gavrielidis Provide $2.43 Million Bridge Loan For Multifamily Asset In Los Angeles
FINANCEDMultiFamily

James Weissenborn & Christian Gavrielidis Provide $2.43 Million Bridge Loan For Multifamily Asset In Los Angeles

2233 Merton Avenue

$2,427,000

$203/SF

Building Size

11,940 SF

Asset Type

MultiFamily

Closing

Mar 19, 2025

AI

The property asset involved in this transaction is a multifamily unit located at 2233 Merton Avenue in the Los Angeles market. The asset comprises 20 units and encompasses a total of 11,940 square feet. The loan amount secured for this property is $2,427,000, categorized as a bridge loan.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,427,000
  • Address: 2233 Merton Avenue
  • Market: Los Angeles
  • Units: 20
  • Square Footage: 11,940
  • Lender: James Weissenborn & Christian Gavrielidis - Stormfield Capital
  • Loan Type: Bridge

The key individuals in this transaction are James Weissenborn and Christian Gavrielidis, both of whom represent Stormfield Capital as lenders for the loan provided. Their involvement is crucial in facilitating the financing of the property acquisition at this location.

Players

James Weissenborn

Stormfield Capital

Lender

$11.4M

vol

3 deals

Lender
Stormfield Capital
Stormfield CapitalLender

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

6.54%

Cash-on-Cash

-1.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93