Ari Wintraub Secures $2.39M Refinance Loan From US Bank For 10-Unit Multifamily In Silver Lake

1428 Micheltorena Street, located in the Los Angeles market, is a multifamily property consisting of 10 units with a total square footage of 5,000. The property has undergone stabilization, integrating 8 original units along with 2 new Accessory Dwelling Units (ADUs).

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,388,000
• Lender: US Bank
• Loan Type: Refinance
• Loan Terms: 5 years
• Landlord: Ari Wintraub
• Landlord's Representative: Alan Risch
• Loan to Value Ratio: 61%
• Interest Rate: 5.980%
• Origination Points: Zero

Ari Wintraub, the landlord, has secured this refinancing with US Bank, transitioning from previous Bridge Financing through Anchor Loans, which was utilized for property stabilization.