Updated Nov 12, 2026
CIM Group Secures $77 Million Refinance Loan From Deutsche Bank For Los Angeles Multifamily Asset
3045 Crenshaw Boulevard & 5223 West Adams Boulevard
$77,000,000
Units
168
Asset Type
MultiFamily
Closing
Oct 8, 2026
About this deal
AI
Two multifamily properties located at 3045 Crenshaw Boulevard and 5223 West Adams Boulevard in Los Angeles are involved in this transaction, with a total of 242 units. The transaction consists of a loan refinance amounting to $77,000,000 provided by Deutsche Bank.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $77,000,000
- Lender: Deutsche Bank
- Borrower: CIM Group
- Market: Los Angeles
- Brokers: Bill Moyer, Mark Fluent & David Milestone - CBRE
- Units: 242
In this transaction, CIM Group has secured refinancing through Deutsche Bank, facilitated by brokers Bill Moyer, Mark Fluent, and David Milestone from CBRE, who represent the parties involved in the deal.
On the Map
$77,000,000
MultiFamily
View full map
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit David Milestone to view all their deals.
Browse Los Angeles multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93