James Weissenborn & Christian Gavrielidis Provide $2.43 Million Bridge Loan For Multifamily Asset In Los Angeles
FINANCED
$2,427,000
California
See Similar DealsMultiFamily11,940 SF
Financed 03/19/2025
FINANCED
James Weissenborn & Christian Gavrielidis Provide $2.43 Million Bridge Loan For Multifamily Asset In Los Angeles
2233 Merton Avenue
See Similar DealsMultiFamily11,940 SF
Financed 03/19/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$203
Total Square Footage:11,940 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,427,000.00
Monthly NOI$16,180.00
Monthly Debt Service$15,340.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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