Updated Mar 11, 2025
Continental Partners Refinances Palms Multifamily Property For $16.02M
3408 Keystone Avenue
$16,020,000
$470/SF
Building Size
34,032 SF
Asset Type
MultiFamily
Closing
Aug 16, 2022
About this deal
AI
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,020,000
- Address: 3408 Keystone Ave.
- Market: Palms
- Square Footage: 34,032
- Units: 33
- Lender: Continental Partners
- Broker: Brian Asheghian - Continental Partners
- Loan Type: Refinance
- Loan Terms: 5 Year fixed at 4.20% with 3 years of interest only, non-recourse with stepdown prepay
The multifamily loan at 3408 Keystone Avenue in Los Angeles, California financed for $16M in 2022. Reported inventory is 34,032 square feet across 33 units, or about 470 per square foot. Brian Asheghian, Convoy Capital appear on the loan alongside Convoy Capital. This page is the Los Angeles, California file for the 3408 Keystone Avenue multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles multifamily set by closing date to see what else financed near 3408 Keystone Avenue around 2022. Published consideration for 3408 Keystone Avenue is $16M, dated 2022. Cite this Continental Partners Refinances Palms Multifamily Property For $16.02M loan when underwriting similar multifamily product around Los Angeles, California.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93