Brian Asheghian Of Convoy Capital Facilitates $4M Acquisition Loan In Sherman Oaks | 5060 Hazeltine Avenue | Brian Asheghian | MultiFamily | Loan

Summary

Loan

CALIFORNIA

MultiFamily

19,510 sqft

The property located at 5060 Hazeltine Avenue in Sherman Oaks is a multifamily asset comprising 18 units with a total square footage of 19,510. The acquisition loan for this property was secured for $4,000,000 from Convoy Capital, with a fixed interest rate of 5.75% for 5 years. The loan features a Stepdown Prepay option and is only 50% recourse.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $4,000,000
Units: 18
Square Footage: 19,510
Address: 5060 Hazeltine Avenue
Market: Sherman Oaks

Brian Asheghian from Convoy Capital represented the lender in this transaction, while Nathan Stein served as the landlord. The loan was an Acquisition Loan with the terms already mentioned, showcasing a solid investment opportunity in the multifamily sector in Sherman Oaks.

Players

All
2

Agents
1
Agencies
1

Brian Asheghian

Director

Convoy Capital

Details

Deal Summary

FINANCED

IMAGE: Brian Asheghian DATE: 02/29/2024 ADDRESS: 5060 Hazeltine Avenue MARKET: Sherman Oaks ASSET TYPE: Multifamily ~ UNITS: 18 ~ SF: 19,510 LENDER: Convoy Capital (@Convoy_Capital) LANDLORD: Nathan Stein BROKER: Brian Asheghian (@BAsheghian) - Convoy Capital (@Convoy_Capital) LOAN AMOUNT: $4,000,000 LOAN TYPE: Acquisition Loan LOAN TERMS: 5 Years Fixed at 5.75% with Stepdown Prepay and only 50% recourse

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Address5060 Hazeltine Avenue

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