First Pacific Financial Provides $11.8M Loan For Multifamily Property In Eagle Rock

The multifamily property located at 4124 Eagle Rock Blvd in Eagle Rock has been involved in a recent transaction. The property, spanning 50,210 square feet, consists of 64 units. The transaction took place on 06/19/2020.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $11,825,000
• Loan Terms: 10 year fixed at 2.865%, 10 years interest only
• Lender: First Pacific Financial
• Broker: Tyler Bradford - Agency

The loan amount for this transaction was $11,825,000. The loan terms include a 10-year fixed rate at 2.865% with 10 years of interest-only payments. The lender involved in the transaction is First Pacific Financial, and the broker representing the deal is Tyler Bradford from the agency.

It is worth noting that this transaction also involved a cash-out option and is non-recourse.