Hanmi Bank Provides $16.75 Million Refinance Loan For Dana Cove Luxury Living In Dana Point

The property involved in this transaction is located at 34177 Pacific Coast Highway, known as Dana Cove Luxury Living, situated in the Dana Point market. The asset type is a combination of multifamily and retail, consisting of 39 units with a retail space measuring 6,619 square feet.

Summary of transaction details:

• Property Type: Multifamily/Retail
• Transaction Amount: $16,750,000
• Lender: Hanmi Bank
• Loan Type: Refinance
• Loan Terms: 5-Year Fixed at T +1.70%, Non-Recourse, Stepdown Prepay
• Brokers: Marc Schillinger, Keaton Yellin & Jalynn Borders - JLL

The key individuals involved in this transaction include Marc Schillinger, Keaton Yellin, and Jalynn Borders, who represented the brokerage firm JLL for this deal. Their expertise facilitated the refinancing arrangement with the lender, Hanmi Bank, under the specified loan terms.