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MF1 Capital Provides $37.7M Bridge Loan For Multifamily Property In Los Angeles

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FINANCED
$37,716,000

California

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MultiFamily66,500 SF
Financed 03/02/2023
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FINANCED

MF1 Capital Provides $37.7M Bridge Loan For Multifamily Property In Los Angeles

410 North Rossmore Avenue

See Similar Deals
MultiFamily66,500 SF
Financed 03/02/2023
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$567
Total Square Footage:66,500 SF
Transaction Type:Loan

The property involved in this closed transaction is a multifamily asset located at 410 North Rossmore Avenue in Los Angeles. It consists of 78 units with a total square footage of 66,500. The property was acquired by ESI Ventures.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $37,716,000
  • Market: Los Angeles
  • Units: 78
  • Square Footage: 66,500

The lender for this transaction was MF1 Capital, providing a bridge loan of $37,716,000. The broker representing ESI Ventures in this deal was Brandon Asherian from George Smith Partners.

Players

Brandon Asherian
3 deals$116.9M volume
BROKER

MF1 Capital
LENDER

Details

FINANCED
IMAGE: Brandon Asherian DATE: 03/02/2023 ADDRESS: 410 North Rossmore Avenue MARKET: Los Angeles ASSET TYPE: Multifamily ~ UNITS: 78 ~ SF: 66,500 LENDER: MF1 Capital LANDLORD: ESI Ventures BROKER: Brandon Asherian (@Brandonashr) - George Smith Partners (@GeorgeSmithPartners) LOAN AMOUNT: $37,716,000 LOAN TYPE: Bridge Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$37,716,000.00

Monthly NOI$251,440.00
Monthly Debt Service$238,390.78
Change in Cash Flow$0.00
Refinance Proceeds$0.00