Paul Schon Of Schon Development Group Secures $14.7 Million Refinance Loan In Los Angeles
3617 Venice Boulevard & 641 North Hobart Boulevard
$14,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 18, 2025
AI
The property is a multifamily asset located at 3617 Venice Boulevard and 641 North Hobart Boulevard in the Los Angeles market. The loan amount for the refinance is $14,700,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,700,000
- Landlord: Paul Schon - Schon Development Group
- Broker: Vin Basa - Berkadia
- Loan Type: Refinance
- Date of Transaction: 09/19/2025
Paul Schon represents Schon Development Group in this transaction, while Vin Basa from Berkadia acts as the broker facilitating the refinance loan agreement.
Players
Los Angeles 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
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93