Sanford Mann Secures $17.75 Million Acquisition Loan For 72-Unit Multifamily In Koreatown

Maya Apartments is a multi-family asset located at 535 South Kingsley Drive in the Los Angeles Koreatown market. The property comprises 72 units and spans a total of 69,951 square feet. The acquisition loan for this asset amounts to $17,750,000, with terms set for full term interest only. Developed in 2018, the property includes luxury amenities such as a resort-style pool, fitness center, clubhouse, gated parking, and a rooftop lounge that provides views of the Los Angeles skyline.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $17,750,000
• Address: 535 South Kingsley Drive
• Market: Los Angeles - Koreatown
• Units: 72
• Square Footage: 69,951
• Landlord: Sanford Mann
• Brokers: David Oheb @TeamOheb, Max Jacobson, John Bianco - Meridian Capital Group
• Loan Type: Acquisition
• Loan Terms: Full Term Interest Only

The transaction features key individuals such as Sanford Mann representing the landlord, while the brokerage services were provided by David Oheb, Max Jacobson, and John Bianco from Meridian Capital Group. David Oheb holds the role of Managing Director, contributing to the execution of this acquisition deal.