FINANCED
Axos Bank Provides $46.3M Acquisition Loan For 113-Unit Multifamily Property In Los Angeles
2245 South Beverly Glen Boulevard
MultiFamily
121,415 SF
121,415 SF
Financed 1 year ago
Summary
Loan
CALIFORNIA
MultiFamily
121,415 sqft
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.
Players
All
4
Agents
2
Agencies
1
Lenders
1
Details
FINANCED
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: $66,100,000View on map
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Address2245 South Beverly Glen Boulevard
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