Matthew Soufer Secures $13.94M Refinance For 49-Unit Multifamily Complex In Koreatown

This property asset is a 49-unit multifamily complex located at 3278 Wilshire Boulevard in the Koreatown/Mid-Wilshire market. The transaction involved a refinance loan amounting to $13,938,000, with terms set at 5.95%, 5-Year Fixed, and 4 Years Interest Only. The financing structure is non-recourse with a flexible prepayment penalty.

Summary of transaction details:

• Property Type: Multifamily Complex
• Transaction Amount: $13,938,000
• Units: 49
• Landlord: Matthew Soufer
• Broker Representatives: Morgan Ben-Moshe & David Oheb - Meridian Capital Group
• Loan Type: Refinance
• Loan Terms: 5.95%, 5-Year Fixed, 4 Years Interest Only, Non-Recourse, Flexible Prepayment Penalty

Meridian Capital Group is actively engaged in arranging financing across various asset types including multifamily, mixed-use, retail, industrial, office, specialty-use, and ground-up construction projects nationwide. The brokers involved in this transaction were Morgan Ben-Moshe and David Oheb, who represent the landlord in this deal.