Ben Kaplan Secures $5,470,000 Loan For Acquisition Of Multifamily Property In Reseda

The property involved in this transaction is a multifamily asset located at 6640 & 6652 Darby Avenue in Reseda. This property consists of 41 units with a total square footage of 34,371. The loan amount secured for the acquisition is $5,470,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,470,000
• Market: Reseda
• Loan Type: Acquisition
• Loan Terms: Acquisition Financing at 70% of Purchase Price for 3 Years Fixed at 5.60% with 2 Years of Interest Only and Stepdown Prepay
• Landlord: Ben Kaplan
• Originator: Brian Asheghian - Convoy Capital

Key individuals involved in the transaction include Ben Kaplan, who is the landlord of the property, and Brian Asheghian, representing Convoy Capital as the originator of the loan.