Alex Walsh Of Convoy Capital Secures $3.77M Loan For 20-Unit Multifamily Acquisition In Santa Monica

A 20-unit multifamily property located at 937-943 2nd Street in Santa Monica, encompassing two identical 10-unit buildings with a total size of 14,544 square feet on 0.34 acres, has been involved in a recent acquisition. The acquisition was financed through a loan amount of $3,770,000 with a 10-year term.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,770,000
• Loan Type: Acquisition
• Units: 20
• Square Footage: 14,544
• Address: 937-943 2nd Street
• Market: Santa Monica
• Acres: 0.34
• Broker: Alex Walsh - Convoy Capital

Alex Walsh of Convoy Capitalfacilitated the acquisition of this multifamily property, contributing expertise in the market to secure the financing for the transaction. The broker's role underscores the importance of professional representation in real estate dealings.