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Axos Bank Provides $46.3M Acquisition Loan For 113-Unit Multifamily Property In Los Angeles

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This MultiFamily property located in CA received a loan of $66,100,000 11 months ago. The brokers of the deal were Tyler Bradford and Blake Rogers

The property at 2245 South Beverly Glen Boulevard in Los Angeles has been acquired in a closed transaction. The multi-family asset consists of 113 units and spans a total area of 121,415 square feet. The property was sold for $66,100,000.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $66,100,000
  • Units: 113
  • Square Footage: 121,415
  • Address: 2245 South Beverly Glen Boulevard
  • Market: Los Angeles

The loan for the acquisition was provided by Axos Bank. The landlord of the property is Deepak Mehta, Rohit Mehta, and Nataliya Mehta. The broker involved in the deal was Blake Rogers from Walker & Dunlop, while the mortgage broker was Tyler Bradford from Convoy Capital. The loan amount for the transaction was $46,270,000. It was an acquisition loan with a loan term of 70% loan-to-value (LTV), a floating rate adjustable-rate mortgage (ARM), and underwritten at market rents.

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Deals
  • Location
    2245 South Beverly Glen Boulevard2245 South Beverly Glen Boulevard
  • Loan Value
    $66,100,000$66,100,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency, 1 Lender2 Brokers, 1 Agency, 1 Lender

Agents

Tyler Bradford

Tyler Bradford

Deals8
Financed$169.3M

Agency

JLL

JLL

Agency
Deals5416
Volume$324B

Axos Bank

Axos Bank

Lender
Deals15
Volume$ 24.3B

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Deal Summary

LOAN IMAGE: Blake Rogers, Rohit Mehta, Deepak Mehta, Nataliya Mehta & Tyler Bradford DATE: 03/28/2023 ADDRESS: 2245 South Beverly Glen Boulevard MARKET: Los Angeles ASSET TYPE: MultiFamily ~ UNITS: 113 ~ SF: 121,415 LENDER: Axos Bank (@AxosBank) LANDLORD: Deepak Mehta (@TheDeepakMehta), Rohit Mehta & Nataliya Mehta (@NataliyaMehta) BROKER: Blake Rogers - Walker & Dunlop (@WalkerDunlop) MORTGAGE BROKER: Tyler Bradford (@Tbradford1010) - Convoy Capital (@Convoy_Capital) LOAN AMOUNT: $46,270,000 LOAN TYPE: Acquisition Loan LOAN TERM: 70% LTV, floating rate ARM, underwritten at market rents SALE AMOUNT: $66,100,000

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