Michael Shlomof Of Onward Capital Secures $4.95M Refinance For Multifamily Properties In Studio City And Mar Vista

The transaction involved a multifamily asset located at 4301 Tujunga Avenue and 3856 Beethoven Street in the Studio City and Mar Vista markets. The property consists of 10 units with a total square footage of 13,776. The loan amount secured for this refinancing transaction is $4,950,000, with a loan type that features a low 6% range fixed for 3 years, non-recourse terms, full-term interest-only repayment, and a flexible prepayment penalty.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,950,000
• Loan Type: Refinance
• Loan Terms: Low 6% Range Fixed for 3 Years, Non-Recourse, Full-Term Interest Only, Flexible Prepayment Penalty
• Landlord: Michael Shlomof – Onward Capital
• Brokers: David Oheb, Dorian Aftalion & Max Jacobson - Meridian Capital Group
• Units: 10
• Square Footage: 13,776
• Address: 4301 Tujunga Avenue & 3856 Beethoven Street
• Market: Studio City & Mar Vista

Michael Shlomof, representing Onward Capital, is focused on new ground-up development and distressed opportunities throughout Los Angeles, and can be contacted at [email protected] for potential opportunities. The brokers involved in this transaction are David Oheb, Dorian Aftalion, and Max Jacobson from Meridian Capital Group, which is actively arranging financing across various asset classes including multifamily, mixed-use, retail, industrial, office, specialty-use, and ground-up construction throughout California and New York.