BC Capital Partners has recently closed a loan transaction for a multifamily property in Los Angeles. The property, located at 635 N Harvard Blvd, was refinanced for a loan amount of $2,300,000. The loan terms include a 4.65% interest rate, 5 years fixed, followed by 3 years of interest-only payments and a 30-year amortization schedule. The loan-to-value ratio is set at 65%.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $2,300,000
• Loan Type: Refinance
• Loan Terms: 4.65% Interest Rate, 5 Years Fixed, 3 Years Interest Only Followed By 30 Year Amortization, 65% LTV

The transaction was facilitated by David Oheb and Max Jacobson from Meridian Capital Group, who represented BC Capital Partners in the deal. For more information or inquiries, interested parties can reach out to David Oheb at 212-612-0193 or via email at [email protected].

Investors looking to mitigate high interest rates can consider Meridian Capital Group for assistance in refinancing their property portfolios, as evidenced by this successful transaction.