VF Developments Secures $7.8M Refinancing From Axos Bank For Multifamily Portfolio In Los Angeles

The assets involved in this transaction consist of five renovated multifamily properties located at 830 Bartlett Street, 920 Everett Street, 995 North Oxford Avenue, 2511 Pennsylvania Avenue, and 5667 La Mirada Avenue in the Los Angeles market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,800,000
• Lender: Axos Bank
• Landlord: Victoria Vu - VF Developments
• Brokers: Michael Derk, Linsey Farrahi, Daizy Gomez & Zack Metzner - Marcus & Millichap Capital Corporation
• Loan Type: Refinance

Marcus & Millichap Capital Corporation facilitated the refinancing loan for VF Developments, which will enable the company to pay off previous lenders Freedom Financial and First Entertainment. The refinancing is aimed at furthering plans to add affordable ADUs and implement community-focused upgrades to the properties.