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760 South Serrano Avenue

Jaime Lee Of Jamison Services Secures $50 Million Loan From Tom Burns Of Affinius Capital For Multifamily Property In Koreatown
FINANCEDMultiFamily

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

Tom Burns

Affinius Capital

Lender

$444.7M

vol

4 deals

Lender
Affinius Capital
Affinius CapitalLender
Jamison Services
Jamison ServicesLandlord

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