Brian Asheghian's Continental Partners Inc. Refinances MultiFamily Property In Los Angeles For $7.9M

The asset involved in this transaction is a multi-family property situated in the Los Angeles market. The building comprises 24 units and offers a total square footage of 24,740. The transaction is classified as a refinance with a loan amount of $7,930,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $7,930,000
• Loan Type: Refinance
• Loan Terms: Cash Out Refi of Brand New Development for 5 years fixed at 5.40% with Stepdown Prepay (3,2,1% then open) and Non-Recourse
• Lender: Brian Asheghian - Continental Partners Inc.
• Landlord: Karen Husravi

This transaction highlights the involvement of Brian Asheghian representing Continental Partners Inc. as the lender. Karen Husravi is noted as the landlord associated with the property, contributing to the complexities of the refinancing process.