Bolour Associates Provides $5.5M Acquisition Loan For Multifamily In East Hollywood

A high-leverage loan of $5,500,000 was provided by Bolour Associates to facilitate the acquisition of a multifamily property located at 626-630 N. Kingsley Drive in East Hollywood. The property consists of 18 units with a total square footage of 13,250. The loan terms include a loan-to-cost ratio (LTC) of 75% and an interest rate of 9.75%. This loan allowed the client to close on a prime East Hollywood multifamily rehab opportunity.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $5,500,000
• Address: 626-630 N. Kingsley Drive
• Market: East Hollywood
• Units: 18
• Square Footage: 13,250

Bolour Associates, represented by Mark Bolour and Clay Goldthwait, acted as the lender for this transaction. They specialize in asset-based bridge lending, focusing on urban infill primary and secondary markets. Bolour Associates has the experience to handle complicated private lending deals, including unentitled land plays. Interested parties can contact Clay Goldthwait at ☎️ 323-677-0550 ext. 121 or 📧 [email protected], or visit their website at bolourassociates.com/lending/ to learn more about their lending services.