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Zalmi Klyne Of NorthMarq Closes $8.28M Refinance For 47-Unit Multifamily In Lancaster

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FINANCED
$8,280,000

California

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MultiFamily
Financed 07/12/2024
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Property Image
FINANCED

Zalmi Klyne Of NorthMarq Closes $8.28M Refinance For 47-Unit Multifamily In Lancaster

43253 20th Street West

See Similar Deals
MultiFamily
Financed 07/12/2024
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan

The asset involved in this transaction is a 47-unit multifamily apartment complex located at 43253 20th Street in the Lancaster market. The transaction was executed as a refinance, with a total loan amount of $8,280,000. The financial structure of the loan includes a 5-year term and is amortized over 30 years, featuring an interest-only period of 3 years.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,280,000
  • Loan Type: Refinance
  • Loan Terms: 5-year, 30-year amortized loan with a 3-year interest-only period
  • Broker: Zalmi Klyne
  • Agency: NorthMarq
  • Date: 07/12/2024
  • Address: 43253 20th Street
  • Market: Lancaster
  • Units: 47

In this transaction, Zalmi Klyne of NorthMarq acted as the broker, facilitating the $8.28 million Fannie Mae refinance for the multifamily apartment complex. This refinance underscores the dedication to providing financial solutions tailored to the needs of multifamily properties in Lancaster.

Players

Zalmi Klyne
NorthMarq
Zalmi Klyne
9 deals$184.5M volume
BROKER

Details

FINANCED
IMAGE: 07/12/2024 ADDRESS: 43253 20th Street MARKET: Lancaster ASSET TYPE: Multifamily ~ UNITS: 47 BROKER: Zalmi Klyne - NorthMarq LOAN AMOUNT: $8,280,000 LOAN TYPE: Refinance LOAN TERMS: 5-year, 30-year amortized loan features a 3-year interest-only period NOTE: Northmarq's Zalmi Klyne closed an $8.28M Fannie Mae refinance for a 47-unit Lancaster apartment complex. The 5-year, 30-year amortized loan features a 3-year interest-only period.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$8,280,000.00

Monthly NOI$55,200.00
Monthly Debt Service$52,335.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00