Kiser Capital Arranges $1.35M Loan For 370 E Esther Multifamily In Long Beach

A multifamily property located at 370 E Esther in Long Beach was recently involved in a closed transaction. The property, represented by broker Kevin Kiser of Kiser Capital, secured a loan for $1,350,000. The loan terms include a fixed rate of 2.75% for 5 years, with a loan-to-value ratio of 75%. The loan also includes a 5-year interest-only period and a step-down prepayment option.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $1,350,000

Kevin Kiser of Kiser Capital played a crucial role in facilitating the loan for the multifamily property located at 370 E Esther in Long Beach. With an interest rate of 2.75%, a loan-to-value ratio of 75%, and a fixed term of 5 years, the loan provides the necessary financial support for the property's development or management. The 5-year interest-only period allows for flexibility in repayments, and the step-down prepayment option offers additional financial advantages for the borrower.