FINANCED
Continental Partners Provides $4.3M Construction To Perm Loan For Multifamily Asset On Virginia Avenue In East Hollywood
5533 Virginia Avenue
MultiFamily
7,500 SF
7,500 SF
Financed 1 year ago
Summary
Loan
CALIFORNIA
MultiFamily
7,500 sqft
The multifamily property located at 5533 Virginia Ave in East Hollywood has been involved in a recent transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,300,000
- Date: 07/09/2021
- Address: 5533 Virginia Ave
- Market: East Hollywood
The lender for this transaction was Continental Partners, and the landlord is Joseph Simantoub. The loan was facilitated by Brian Asheghian and JM Grimaldi, who represented the parties involved.
The loan amount for this transaction was $4,300,000, with the loan terms being a 10 Year Fixed Construction to Perm Loan at 70% of Cost at 3.95% interest rate.
Players
Details
FINANCED
IMAGE: Brian Asheghian & JM Grimaldi
DATE: 07/09/2021
ADDRESS: 5533 Virginia Ave.
MARKET: East Hollywood
ASSET TYPE: Multifamily
LENDER: Continental Partners
LANDLORD: Joseph Simantoub
BROKERS: Brian Asheghian (@BAsheghian) & JM Grimaldi (@Watchtog)
LOAN AMOUNT: $4,300,000
LOAN TERMS: 10 Year Fixed Construction to Perm Loan at 70% of Cost at 3.95%View on map
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Address5533 Virginia Avenue
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