Schon Development Group Secures $6.3 Million Refinance Loan For Multifamily Asset In Los Angeles
3992 Inglewood Boulevard
$6,300,000
$286/SF
Building Size
22,000 SF
Asset Type
MultiFamily
Closing
Nov 4, 2025
AI
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
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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93