ContiPartners Arranges $3.46M Loan For Multifamily Property On Marathon St. In Los Angeles

The multifamily property located at 5015 Marathon Street in Los Angeles has successfully closed in a recently concluded transaction. The loan for the property was provided by Conti Partners, a renowned lending institution in the real estate industry. The loan amount was $3,465,000, with favorable loan terms including a 5-year fixed rate, a 30-year term, and a 3.20% interest rate. The loan also features stepdown prepayment and non-recourse provisions, providing additional flexibility for the borrower.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,465,000
• Lender: Conti Partners
• Broker: Brian Asheghian - Conti Partners
• Loan Terms: 5 Year Fixed, 30 Year Term, 3.20% Interest Rate, Stepdown Prepay and Non-Recourse

Brian Asheghian, representing Conti Partners, played a crucial role as the broker in facilitating the transaction. As a skilled professional in the real estate industry, Asheghian ensured a smooth and successful deal between the parties involved. Through effective negotiation and expertise, he contributed to the favourable loan terms and ultimately closed the transaction.