Jaime Lee Of Jamison Services Secures $50 Million Loan From Tom Burns Of Affinius Capital For Multifamily Property In Koreatown
760 South Serrano Avenue
$50,000,000
Units
157
Asset Type
MultiFamily
Closing
Mar 11, 2025
AI
The property asset involved in this transaction is The Roya, a 157-unit mixed-use complex located at 760 South Serrano Avenue in Los Angeles. This six-story multifamily building includes 10,000 square feet of retail space and features amenities such as a pool deck, coworking spaces, and a rooftop lounge. The asset is situated in the Koreatown market and was completed in 2023.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $50,000,000
- Lender: Tom Burns - Affinius Capital
- Landlord: Jaime Lee - Jamison Services
- Loan Type: Refinance
This transaction highlights the involvement of Tom Burns representing Affinius Capital, and Jaime Lee representing Jamison Services. The refinancing arrangement enables Jamison Services to consolidate financing on The Roya, a key property in their portfolio located in a strategic urban area.
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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93