Ameritas Provides $11.25M Refinance Loan For 110,000 SF Multifamily Property In Los Angeles
$11,250,000
$51/SF
Building Size
220,000 SF
Asset Type
MultiFamily
Closing
Apr 10, 2025
AI
The transaction involves a multifamily property located in the Los Angeles market, encompassing 110,000 square feet. The loan amount secured for this asset is $11,250,000, utilized for refinancing purposes with a loan term of 5 years, structured as full-term interest only.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,250,000
- Lender: Ameritas
- Loan Type: Refinance
- Loan Term: 5-Years; Full-Term Interest Only
- Spread: 130 bps
- Rate: 5.60%
- Non-Recourse: Yes
- Brokers: Alex Mermelstein & David Travis - Marblestone Capital Group
This financing showcases the capabilities of Marblestone Capital Group in facilitating Life Co executions. The rate was locked at application, which benefited from a timely dip in treasuries observed in early February, further emphasizing the firm's deep relationships and market acumen.
Players
Los Angeles 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
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93