Universe Holdings Refinances La Mesa Multifamily Property With $10.7M Loan

The multifamily property located at 4242 Spring Street in La Mesa, CA has undergone a refinancing loan transaction. The property consists of 56 units and is owned by Universe Holdings. The loan, provided by Mechanics Bank, amounts to $10,700,000 and has a fixed-rate term of 10 years.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $10,700,000
• Address: 4242 Spring Street, La Mesa, CA
• Market: La Mesa, CA
• Units: 56

The deal was facilitated by JLL Capital Markets, with brokers Charles Halladay, Jonah Aelyon, Jolie Zhou, and Elle Miraglia representing the parties involved. They played a pivotal role in securing the refinancing loan for this multifamily property in La Mesa.