Ronald Balys Secures $12.5M Refinance Loan For 29-unit Multifamily In Los Angeles
FINANCED
$12,500,000
California
See Similar DealsMultiFamily35,040 SF
Financed 07/05/2022
FINANCED
Ronald Balys Secures $12.5M Refinance Loan For 29-unit Multifamily In Los Angeles
5955 Saturn Street, Los Angeles, California 90035, United States
See Similar DealsMultiFamily35,040 SF
Financed 07/05/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$356
Total Square Footage:35,040 SF
Transaction Type:Loan
The recent closed transaction involves a multifamily property located at 5955 Saturn Street in Los Angeles. The property consists of 29 units and was transacted through a refinance loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,500,000
- Loan Type: Refinance
- Loan Terms: 10-years, 55% LTV & 3.5% interest rate
The loan amount for the transaction was $12,500,000, and it was obtained through a refinancing arrangement. The loan terms include a duration of 10 years, with a loan-to-value ratio of 55% and an interest rate of 3.5%. Ronald Balys from Marcus & Millichap Capital Corporation served as the broker for this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,500,000.00
Monthly NOI$83,333.33
Monthly Debt Service$79,008.50
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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