Continental Partners Provides $3.5M Acquisition Loan For Multifamily Property In Glendale | 600 East Garfield Avenue | Brian Asheghian | MultiFamily | Loan

Summary

Loan

CALIFORNIA

MultiFamily

16,682 sqft

The multifamily property located at 600 East Garfield Avenue in Glendale has been involved in a closed transaction. The property consists of 24 units with a total area of 16,682 square feet. The transaction details are as follows:

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $3,493,000
Market: Glendale

The lender for this transaction was Continental Partners Inc. The loan amount provided was $3,493,000 and it was an acquisition loan. The loan terms include financing 65% of the purchase price for 5 years at an interest rate of 6.31%. The loan also has one year of interest-only payments, stepdown prepayment, and is non-recourse.

The broker involved in this deal was Brian Asheghian from Continental Partners. He represented the buyer in acquiring the multifamily property located at 600 East Garfield Avenue in Glendale, California.

Players

All
2

Agents
1
Agencies
1

Brian Asheghian

Director

Convoy Capital

Details

Deal Summary

FINANCED

IMAGE: Brian Asheghian DATE: 12/05/2023 ADDRESS: 600 East Garfield Avenue MARKET: Glendale ASSET TYPE: Multifamily ~ UNITS: 24 ~ SF: 16,682 LENDER: Continental Partners Inc. BROKER: Brian Asheghian (@BAsheghian) - Continental Partners (@ContiPartners) LOAN AMOUNT: $3,493,000 LOAN TYPE: Acquisition Loan LOAN TERMS: 65% of Purchase for 5 Years Fixed at an Interest Rate of 6.31% with One Year of Interest Only, Stepdown Prepay and Non-Recourse

View on map

Address600 East Garfield Avenue

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want