Updated Dec 21, 2023
Ronald Balys Secures $12.5M Refinance Loan For 29-unit Multifamily In Los Angeles
5955 Saturn Street, Los Angeles, California 90035, United States
$12,500,000
$356/SF
Building Size
35,040 SF
Asset Type
MultiFamily
Closing
Jul 4, 2022
About this deal
AI
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.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93