Matthew Soufer Lands $9.75M Refinance Loan For Franklin Plaza Apartments In Hollywood

The Franklin Plaza Apartments is a 57-unit multifamily asset located at 5640 Franklin Avenue in Hollywood, CA. The transaction involved a refinance loan amounting to $9,750,000 with a loan type of 5-Year Fixed at a rate of 5.95%. The terms include 4 years of interest-only payments and a non-recourse agreement.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,750,000
• Loan Type: Refinance
• Loan Terms: 5.95%, 5-Year Fixed, 4 Years Interest Only, Non-Recourse
• Landlord: Matthew Soufer
• Brokers: Morgan Ben-Moshe & David Oheb - Meridian Capital Group

Meridian Capital Group is overseeing the financing arrangement for this transaction, actively involved in multifamily, mixed-use, retail, industrial, office, specialty-use, and ground-up construction projects across California, New York, and nationwide. Morgan Ben-Moshe and David Oheb, both from Meridian Capital Group, facilitated this refinancing deal.