Schon Development Group Secures $6.3 Million Refinance Loan For Multifamily Asset In Los Angeles
FINANCED
California
See Similar DealsMultiFamily22,000 SF
Financed 11/04/2025
FINANCED
Schon Development Group Secures $6.3 Million Refinance Loan For Multifamily Asset In Los Angeles
3992 Inglewood Boulevard
See Similar DealsMultiFamily22,000 SF
Financed 11/04/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$286
Total Square Footage:22,000 SF
Transaction Type:Loan
The property asset involved in this transaction is a multifamily unit consisting of 21 units and encompassing a total area of 22,000 square feet, located at 3992 Inglewood Boulevard in the Los Angeles market.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $6,300,000
- Lender: J.P. Morgan Chase
- Loan Type: Refinance
- Loan Terms: 3 Years
- Landlord: Schon Development Group
- Representatives: Paul Schon & Kerolos Zaki; Mandelbaum & Associates - Jessica Mandelbaum
The transaction was facilitated by key individuals, including Paul Schon and Kerolos Zaki from Schon Development Group, as well as Jessica Mandelbaum from Mandelbaum & Associates, representing the landlord in this refinancing deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,300,000.00
Monthly NOI$42,000.00
Monthly Debt Service$39,820.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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