Updated Mar 13, 2025
Dan Litman Of Marcus & Millichap Capital Corporation Secures $16.85M Refinance For Le Noble Apartment Homes
5768 West Third Street
$16,850,000
Units
46
Asset Type
MultiFamily
Closing
Mar 12, 2025
About this deal
AI
The asset involved in this transaction is Le Noble Apartment Homes, a multifamily property located at 5768 West Third Street in the Los Angeles market. This property features 46 residential units and has been secured for a refinance loan amount of $16,850,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $16,850,000
- Loan Type: Refinance
- Loan Terms: 30-year loan includes three years of interest-only payments at 6.19%
- Loan-to-Value Ratio: 65%
- Amortization Period: 30 years
Dan Litman from Marcus & Millichap Capital Corporation arranged the refinancing deal for the property. The loan terms also allow for flexibility regarding future rate adjustments, offering advantages to the borrowers in managing their financial strategy.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Dan Litman to view all their deals.
Browse Los Angeles multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93