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Dan Litman Of Marcus & Millichap Capital Corporation Secures $16.85M Refinance For Le Noble Apartment Homes

Property Image
FINANCED
$16,850,000

California

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MultiFamily
Financed 03/12/2025
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Property Image
FINANCED

Dan Litman Of Marcus & Millichap Capital Corporation Secures $16.85M Refinance For Le Noble Apartment Homes

5768 West Third Street

See Similar Deals
MultiFamily
Financed 03/12/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan

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

Dan Litman
Marcus & Millichap
Dan Litman
4 deals$31.6M volume(310) 909-2319
BROKER

Details

FINANCED
IMAGE: Dan Litman DATE: 03/12/2025 ADDRESS: 5768 West Third Street MARKET: Los Angeles ASSET TYPE: Multifamily ~ UNITS: 46 BROKER: Dan Litman - Marcus & Millichap Capital Corporation (@MMCapCorp) (@MarcusMillichapInc) LOAN AMOUNT: $16,850,000 LOAN TYPE: Refinance LOAN TERMS: 30-year loan includes three years of interest-only payments at 6.19%, a 65% loan-to-value ratio, and a 30-year amortization. NOTE: Marcus & Millichap Capital Corporation secured a $16.85M refinance loan for Le Noble Apartment Homes, a 46-unit luxury multifamily property in Los Angeles’ La Brea neighborhood. The 30-year loan, arranged by Dan Litman, includes three years of interest-only payments at 6.19%, a 65% loan-to-value ratio, and flexibility for future rate adjustments.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$16,850,000.00

Monthly NOI$112,333.33
Monthly Debt Service$106,503.46
Change in Cash Flow$0.00
Refinance Proceeds$0.00