The transaction involved the refinancing of three multifamily properties located in Southern California, specifically at 5810 Amaya Drive, 232 West Olive Street, and 1119 Rexford Drive. The asset encompasses a total of 132 units, situated in the markets of La Mesa, Inglewood, and Los Angeles.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $26,700,000
• Lender: Lument & Chase Bank
• Landlord: Henry Manoucheri & Noah Kaufman - Universe Holdings
• Loan Type: Refinance
• Loan Terms: five-year, interest-only
• Monthly Cash Flow Improvement: approximately $100,000
• Properties Involved: Serena Vista in La Mesa, Chateaux Park Casino Royale V in Inglewood, Chateaux Rexford in West Los Angeles

The refinancing deal was facilitated by Universe Holdings, represented by Henry Manoucheri and Noah Kaufman. The transaction is aimed at enhancing the cash flow from the aforementioned multifamily properties, providing significant financial benefits through improved loan conditions.