Malin Asset Management Secures $6.58M Refinance Loan For 34-Unit Multifamily In Los Angeles

The property asset involved in this transaction is a multifamily building located at 2330 South Corning Street in Los Angeles. The asset comprises 34 units and has a total square footage of 35,000. The loan amount secured for this asset is $6,580,000, structured as a refinance with a loan-to-value ratio of 70% at a rate of Prime + 0%, with interest-only terms.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,580,000
• Address: 2330 South Corning Street
• Market: Los Angeles
• Units: 34
• Square Footage: 35,000
• Landlord: Malin Asset Management
• Brokers: Marc Schillinger, Max Mraz & Keaton Yellin - JLL
• Loan Type: Refinance
• Loan Terms: 70% LTV, Prime + 0%, Interest Only

This transaction was facilitated by Malin Asset Management as the landlord, with representation from brokers Marc Schillinger, Max Mraz, and Keaton Yellin of JLL, who handled the refinancing aspects and structuring of the loan deal.