Gregory Kavoklis Refinances Multifamily Property In Montebello For $5.0M
FINANCED
$5,005,000
California
See Similar DealsMultiFamily24,837 SF
Financed 04/25/2022
FINANCED
Gregory Kavoklis Refinances Multifamily Property In Montebello For $5.0M
340 North Maple Avenue, Montebello, California 90640, United States
See Similar DealsMultiFamily24,837 SF
Financed 04/25/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$201
Total Square Footage:24,837 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,005,000.00
Monthly NOI$33,366.67
Monthly Debt Service$31,635.00
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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