Updated Mar 28, 2024
Symetra Life Company Provides $1.375M Refinance Loan For Multifamily Property In Los Angeles
7617 South Broadway, Los Angeles, California 90003, United States
$1,375,000
$74/SF
Building Size
18,500 SF
Asset Type
MultiFamily
Closing
Apr 21, 2022
About this deal
AI
The multifamily property located at 7617 S. Broadway in Los Angeles has been involved in a recent closed transaction. The property spans approximately 18,500 square feet and comprises 24 residential units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,375,000
- Loan Type: Refinance
- Loan Terms: 15-year fixed at 4.09%, rate locked at application
The loan for this transaction was secured from Symetra Life Company. Kenny Liew serves as the landlord for the property. Morgan Machado and John Darrow, representing Slatt Capital, acted as the brokers in this deal.
With a loan amount of $1,375,000, the refinance loan ensures favorable terms with a fixed rate of 4.09% over a 15-year period. The rate was locked at the time of application, offering stability for Kenny Liew as the landlord.
On the Map
$1,375,000
$74/SF
MultiFamily
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Players
Los Angeles MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.54%
Cash-on-Cash
-3.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93