Updated Mar 11, 2025
Continental Partners Closes $5.2M Multifamily Loan In Westchester
6925 Knowlton Pl, Westchester, Los Angeles, CA, USA
$5,200,000
$4,227/SF
Building Size
1,230 SF
Asset Type
MultiFamily
Closing
Jan 6, 2021
About this deal
AI
An multifamily property located at 6925 Knowlton Pl. in Westchester has recently been involved in a loan transaction. The loan was secured from Continental Partners, with Brian Asheghian representing the lender. The loan amount was $5,200,000, with a fixed interest rate of 3.25% for a term of 10 years. The loan also included a stepdown prepayment option.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,200,000
- Lender: Continental Partners - Brian Asheghian
- Loan Terms: 10 Year Fixed at 3.25% with Stepdown Prepay
This loan transaction involved the participation of Brian Asheghian from Continental Partners as the lender's representative. Brian Asheghian played a crucial role in facilitating the loan agreement on behalf of the lender and ensuring that all terms and conditions were met.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93