Updated Oct 6, 2025
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
About this deal
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.
On the Map
$14,700,000
MultiFamily
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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