Updated Dec 18, 2023
Gregory Kavoklis Refinances Multifamily Property In Montebello For $5.0M
340 North Maple Avenue, Montebello, California 90640, United States
$5,005,000
$201/SF
Building Size
24,837 SF
Asset Type
MultiFamily
Closing
Apr 24, 2022
About this deal
AI
A multifamily property located at 340 N. Maple Avenue in Montebello has recently undergone a refinancing transaction. The property spans a total of 24,837 square feet and consists of 31 units. It is situated in the Montebello market, known for its vibrant real estate scene.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,005,000
- Loan Type: Refinance
- Loan Terms: 10 Year Fixed, 3.50% interest rate, 65% loan-to-value ratio
- Loan Repayment: Nonrecourse with Stepdown Prepay
The refinancing of this property was facilitated by Gregory Kavoklis from Matthews Real Estate Investment Services. As the broker representative, Gregory played a crucial role in ensuring the success of the transaction. His expertise in the Montebello market and extensive experience in real estate investment services contributed to the smooth execution of the deal.
On the Map
$5,005,000
$201/SF
MultiFamily
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Montebello MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93