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Vista Investment Group Secures $21.3 Million Refinance Loan For Los Angeles Multifamily Properties

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FINANCED
$21,300,000

California

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MultiFamily121,000 SF
Financed 12/03/2024
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FINANCED

Vista Investment Group Secures $21.3 Million Refinance Loan For Los Angeles Multifamily Properties

669 South Union Avenue

See Similar Deals
MultiFamily121,000 SF
Financed 12/03/2024
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$176
Total Square Footage:121,000 SF
Transaction Type:Loan

The transaction involves a refinance loan for three mid-rise multifamily properties located across the Los Angeles metropolitan statistical area, encompassing a total of 207 units. The loan amount for this financing is $21,300,000, with fixed-rate terms structured at 65% loan-to-value (LTV), an interest rate of 5.75%, a 10-year term, and partial interest-only payments along with flexible prepayment options.

Summary of transaction details:

Marc Schillinger, Keaton Yellin, and Brooke Hinkel represented the landlord, Vista Investment Group, in this transaction. The loans arranged for this deal are uncrossed with a local regional bank, ensuring separate financing for each of the three properties involved.

Players

Marc Schillinger
49 deals$2.2B volume
BROKER

Brooke Hinkel
JLL
9 deals$463.9M volume
BROKER

Keaton Yellin
JLL
25 deals$745.2M volume
BROKER

Details

FINANCED
IMAGE: Marc Schillinger, Keaton Yellin, & Brooke Hinkel DATE: 12/03/2024 MARKET: Los Angeles ASSET TYPE: MULTIFAMILY ~ TOTAL UNITS: 207 LANDLORD: Vista Investment Group BROKERS: Marc Schillinger (@Smaaackdab), Keaton Yellin (@KeatonYellin), Brooke Hinkel - JLL (@JLL) LOAN AMOUNT: $21,300,000 LOAN TYPE: Refinance LOAN TERMS: 65% LTV | 5.75% Fixed | 10-Year Term | Partial I/O | Flexible Prepayment NOTE FROM BROKER: $21,300,000 fixed-rate financing for three mid-rise multifamily properties across the Los Angeles MSA. These loans are uncrossed with a local regional bank.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$21,300,000.00

Monthly NOI$142,000.00
Monthly Debt Service$134,630.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00