Updated Oct 5, 2026
Tom Gilmore Of Gilmore Associates Secures $14.13M Refinance Loan For Multifamily Asset In Los Angeles
411 South Main Street
$14,133,000
$110/SF
Building Size
127,925 SF
Asset Type
MultiFamily
Closing
Sep 30, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily complex located at 411 South Main Street in the Los Angeles market. This asset features a total of 104 units and encompasses a square footage of 127,925. The loan amount for this refinance transaction is $14,133,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,133,000
- Loan Type: Refinance
- Loan Terms: Cash-Neutral 5-year Full-Term Interest Only FNMA Refinance
- Lender: Riley Manke & Levi Brooker - Walker & Dunlop
- Borrower: Tom Gilmore - Gilmore Associates
The key individuals involved in this transaction include Riley Manke and Levi Brooker, who represent the lender, Walker & Dunlop. The borrower for this deal is Tom Gilmore, associated with Gilmore Associates. This transaction emphasizes a refinance strategy for the multifamily asset described.
On the Map
$14,133,000
$110/SF
MultiFamily
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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
1.12%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93