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
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