Anita Paryani-Rice Refinances Multifamily Property In North Hollywood With $10.35M Loan - Marcus & Millichap
FINANCED
$10,350,000
California
See Similar DealsMultiFamily
Financed 04/12/2022
FINANCED
Anita Paryani-Rice Refinances Multifamily Property In North Hollywood With $10.35M Loan - Marcus & Millichap
5555 Bonner Avenue, North Hollywood, California 91601, United States
See Similar DealsMultiFamily
Financed 04/12/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan
Anita Paryani-Rice from Institutional Property Advisors, a division of Marcus & Millichap, represented the parties involved in a recent closed transaction in North Hollywood. The property involved in this transaction is a multifamily asset located at 5555 Bonner Ave.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,350,000
- Loan Type: Refinance
- Loan Terms: 10-year, 65% LTV & interest rate of 3.25%
- Address: 5555 Bonner Ave.
- Market: North Hollywood
Anita Paryani-Rice, representing Institutional Property Advisors, successfully helped facilitate the $10,350,000 refinancing deal for the multifamily asset located at 5555 Bonner Ave in North Hollywood. The loan terms included a 10-year duration, 65% loan-to-value (LTV) ratio, and an interest rate of 3.25%.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,350,000.00
Monthly NOI$69,000.00
Monthly Debt Service$65,419.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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