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.