Malin Asset Management Secures $4.525M Refinance Loan From EverBank For Multifamily Asset In Inglewood

The property asset involved in this transaction is a multifamily building located at 437 West Queen Street in Inglewood. The property consists of 18 units and has a total square footage of 20,664. The loan associated with this property amounts to $4,525,000 and is categorized as a refinance loan with a 30-Year term and 3-Year interest-only period at T +2.00%, being non-recourse with stepdown prepayment clauses.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,525,000
• Loan Type: Refinance
• Loan Terms: 30-Year Term / 3-Year IO @ T +2.00%, Non-Recourse, Stepdown Prepay
• Lender: EverBank
• Landlord: Malin Asset Management
• Brokers: Marc Schillinger, Max Mraz & Keaton Yellin - JLL

Key individuals involved in the deal are brokers Marc Schillinger, Max Mraz, and Keaton Yellin, representing the landlords in this transaction. Their collective expertise facilitated the refinancing process for Malin Asset Management, enhancing their financial management of the multifamily asset.