Symetra Life Company Provides $1.375M Refinance Loan For Multifamily Property In Los Angeles
FINANCED
$1,375,000
California
See Similar DealsMultiFamily18,500 SF
Financed 04/22/2022
FINANCED
Symetra Life Company Provides $1.375M Refinance Loan For Multifamily Property In Los Angeles
7617 South Broadway, Los Angeles, California 90003, United States
See Similar DealsMultiFamily18,500 SF
Financed 04/22/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$74
Total Square Footage:18,500 SF
Transaction Type:Loan
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.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,375,000.00
Monthly NOI$9,166.67
Monthly Debt Service$8,690.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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