RRA Capital Provides $4.575M Loan For MultiFamily Property At 3630 Midvale Ave Los Angeles
3630 Midvale Ave.
$4,575,000
$340/SF
Building Size
13,420 SF
Asset Type
MultiFamily
Closing
Jun 15, 2022
AI
The asset involved in this transaction is a MultiFamily property located at 3630 Midvale Ave., situated in the Los Angeles market. A loan amount of $4,575,000.00 was secured for this property.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,575,000.00
- Loan Date: 06/15/2022
- Address: 3630 Midvale Ave.
- Market: Los Angeles
- Lender: RRA Capital
- Brokers: Jacob Lee - Pacific Southwest Realty Services
Key individuals involved in this transaction include Jacob Lee representing the brokerage Pacific Southwest Realty Services, and RRA Capital, the lender for the loan secured for this property.
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
3.47%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93