Continental Partners Provides $4.3M Construction To Perm Loan For Multifamily Asset On Virginia Avenue In East Hollywood

5533 Virginia Avenue, East Hollywood, Los Angeles, CA 90038, USA

$4,300,000

$573/SF

Building Size

7,500 SF

Asset Type

MultiFamily

Closing

Jul 9, 2020

AI

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