Zev Feder & Satyam Patel Arrange $15.1M Refinance Loan On Los Angeles Multifamily
FINANCED
$15,125,000
California
See Similar DealsMultiFamily79,002 SF
Financed
FINANCED
Zev Feder & Satyam Patel Arrange $15.1M Refinance Loan On Los Angeles Multifamily
748 South Kingsley Drive & 762 South Kingsley Drive
See Similar DealsMultiFamily79,002 SF
Financed
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$191
Total Square Footage:79,002 SF
Transaction Type:Loan
The multifamily property located at 748-762 South Kingsley Drive in Los Angeles encompasses 68 units within a total square footage of 39,501. The property was part of a recent transaction involving a refinance loan from EverBank amounting to $15,125,000. The loan terms included new construction, lease-up transaction, a 5-year term, with the first 4 years being interest-only.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,125,000
- Market: Los Angeles
- Asset Type: Multifamily
- Units: 68
- Square Footage: 39,501
- Lender: EverBank
- Brokers: Zev Feder & Satyam Patel - Meridian Capital Group
- Loan Type: Refinance
- Loan Terms: New Construction, Lease-up Transaction, 5 Year Term, 4 Years Interest-Only
The transaction was facilitated by the brokers Zev Feder and Satyam Patel from Meridian Capital Group. The involvement of these professionals highlights the expertise and industry connections required to successfully navigate such significant financial deals.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,125,000.00
Monthly NOI$100,833.33
Monthly Debt Service$95,600.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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