facebook
Traded Co logo
Submit a Deal
905 South Vermont Avenue
FINANCED

Bolour Associates Refinances Multifamily Property In Los Angeles For $21.6M

905 South Vermont Avenue

MultiFamily
clock iconFinanced 73 days ago
the dealplayerscompscontact
share iconContact now

Summary

Loan
CALIFORNIA
MultiFamily

The property located at 905 South Vermont Avenue in Los Angeles is a multifamily asset consisting of 67 units. The loan for this property amounted to $21,600,000 and was used for a refinance with a term of 24 months.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $21,600,000
  • Address: 905 South Vermont Avenue
  • Market: Los Angeles
  • Lender: Clay Goldthwait & Hiren Naik - Bolour Associates
  • Broker: Zachary Streit - Priority Capital Advisory
  • Loan Type: Refinance
  • Loan Terms: 24 Months

The loan from Bolour Associates provided the sponsor the opportunity to exit their construction loan and strengthen their equity before receiving the certificate of occupancy. Bolour's expertise in development facilitated a swift pre-completion evaluation of the property, enabling a timely closure before a pending maturity. For further inquiries regarding debt requirements, individuals can reach out to Clay Goldthwait at ☎️ 323-677-0550 ext.121, 📧 [email protected], or by visiting bolourassociates.com/lending/. Bolour Associates is proficient in asset-based bridge lending, with a focus on urban infill primary and secondary markets, offering financing up to 75% LTV, loan terms up to 2 years, loan amounts ranging from $3 million to $30 million, and starting interest rates at 9.50%.

Players

  • All

    3

  • Agents

    1

  • Agencies

    1

  • Lenders

    1

Zachary (Zack) Streit's profile picture
Zachary (Zack) Streit
Priority Capital Advisory-image
President

Details

Deal Summary
minus icon
FINANCED
IMAGE: Clay Goldthwait, Hiren Naik & Zachary Streit DATE: 05/15/2024 ADDRESS: 905 South Vermont Avenue MARKET: Los Angeles ASSET TYPE: Multifamily ~ UNITS: 67 LENDER: Clay Goldthwait (@Claygold21) & Hiren Naik - Bolour Associates (@Bolour_CRE) BROKER: Zachary Streit (@ZackdStreit) - Priority Capital Advisory LOAN AMOUNT: $21,600,000 LOAN TYPE: Refinance LOAN TERMS: 24 Months NOTE FROM LENDER: BOLOUR’s loan allowed this Sponsor to exit their construction loan and recapitalize equity prior to obtaining their certificate of occupancy. BOLOUR’s development expertise allowed for the quick pre-completion assessment of the property and close prior to a pending maturity. We look forward to discussing your debt needs. Contact Clay Goldthwait at ☎️ 323-677-0550 ext.121, 📧 [email protected], or visit bolourassociates.com/lending/ for more. BOLOUR is an asset-based bridge lender specializing in urban infill primary & secondary markets. BOLOUR draws from our experience in investment & development to tackle complicated private lending deals. We can finance up to 75% LTV, loan term up to 2 years, loan amount from $3 million to $30 million, & interest rates starting at 9.50%.

View on map

Loading...

Address905 South Vermont Avenue

Comparables

No listingsThis user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want