Updated Mar 11, 2025
Continental Partners Provides $4.1M Loan For Multifamily Property In Inglewood
946 West Beach Avenue
$4,095,000
$163/SF
Building Size
25,013 SF
Asset Type
MultiFamily
Closing
Oct 26, 2020
About this deal
AI
Continental Partners @ContiPartners provided a loan of $4,095,000 for a multifamily property located at 946 W Beach Ave in Inglewood. The loan terms include a 5-year fixed rate at 3.65% with 4 years of interest-only payments. It is a non-recourse loan with a stepdown prepayment schedule of 3, 2, 1%. This transaction was completed on October 26, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,095,000
- Lender: Continental Partners @ContiPartners
- Broker: Brian Asheghian
- Date: October 26, 2020
- Address: 946 W Beach Ave
- Market: Inglewood
Brian Asheghian from Continental Partners represented the borrower in this loan transaction.
Players
Inglewood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93