The property involved in this transaction is the Jardinette Apartments located at 5128 Marathon Street in the Melrose Hill, East Hollywood market. This multifamily asset comprises 43 units and spans a total of 27,708 square feet. The loan amount secured for the property is $12,000,000 under a construction completion loan, specifically for a gut rehab project.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,000,000
• Address: 5128 Marathon Street
• Market: Melrose Hill, East Hollywood
• Units: 43
• Square Footage: 27,708
• Landlord: Cameron Hassid - Apollo Capital
• Brokers: David Oheb & Dorian Aftalion - Meridian Capital Group
• Loan Type: Construction Completion – Gut Rehab

David Oheb and Dorian Aftalion, representing Meridian Capital Group, facilitated the loan for the borrower amid a previous redevelopment financing maturity. Meridian Capital specializes in arranging financing for various property types, including multifamily and mixed-use projects, and operates in states like California and New York. The Jardinette Apartments is significant not only for its historical value but also for its designation as a Los Angeles Historic-Cultural Monument and its listing on the National Register of Historic Places.