FINANCED
Marcus & Millichap Capital Refinances 46-Unit Multifamily Property In Valley Village For $12.1M
5501-5513 Laurel Canyon Boulevard
MultiFamily
Financed 75 days ago
Summary
Loan
CALIFORNIA
MultiFamily
The Laurel Canyon Apartments, a 46-unit multifamily property located at 5501-5513 Laurel Canyon Boulevard in Valley Village, California, secured $12.1 million in refinancing. The loan terms include a five-year period with one year of interest-only payments, followed by a 30-year amortization schedule. The loan-to-value (LTV) ratio for this transaction is 54%.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $12,100,000
- Address: 5501-5513 Laurel Canyon Boulevard
- Market: Valley Village
Bradley Buzil of Marcus & Millichap Capital Corporation facilitated the refinancing deal for the Laurel Canyon Apartments. The financing arranged by MMCC allowed for a seamless transition to a fixed-rate loan, avoiding the usual seasoning requirements and lowering the borrower's cost of capital.
Players
Details
FINANCED
IMAGE: Bradley Buzil
DATE: 02/19/2024
ADDRESS: 5501-5513 Laurel Canyon Boulevard
MARKET: Valley Village
ASSET TYPE: Multifamily ~ UNITS: 46
BROKER: Bradley Buzil (@BBuzil) - Marcus & Millichap Capital Corporation (@MMCapCorp)
LOAN AMOUNT: $12,100,000
LOAN TYPE: Refinance
LOAN TERMS: five-year loan include one-year interest only followed by 30-years amortization with an LTV of 54%.
NOTE: Marcus & Millichap Capital Corporation (MMCC) secured $12.1 million in refinancing for Laurel Canyon Apartments, a 46-unit property in Valley Village, California. The financing, arranged by Bradley Buzil of MMCC's Los Angeles office, facilitated a seamless transition to a fixed-rate loan, bypassing typical seasoning requirements and reducing the borrower's cost of capital.View on map
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Address5501-5513 Laurel Canyon Boulevard
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