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

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%.