CIM Group Provides $47.5M Loan To Refinance The View Apartment Building In Los Angeles

MWest Holdings and BGO have secured a $47.5 million refinance loan for The View apartment building in Koreatown, Los Angeles. The 168-unit multifamily property, located at 3460 West 7th Street, caught the attention of CIM Group, who initially acquired it in 2013 before selling to MWest Holdings and BGO. The loan was provided by CIM Group's Real Estate Debt Solutions, highlighting their expertise as an owner, operator, and developer of commercial real estate.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $47,500,000
• Units: 168
• Address: 3460 West 7th Street
• Market: Los Angeles

Shaul Kuba, the representative from CIM Group, facilitated the loan for MWest Holdings and BGO's joint venture. Additionally, Karl Slovin represents MWest Holdings as the landlord, while Sonny Kalsi represents BGO. The successful loan transaction showcases the collaborative efforts of these key individuals and companies.