Updated Sep 2, 2026
Daniel Emein & Kami Emein Of Government Funding Inc Secures $14.7M Refinance For Multifamily Asset In Los Angeles
409 West Olympic Boulevard
$14,700,000
Units
79
Asset Type
MultiFamily
Closing
Jan 22, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located at 409 West Olympic Boulevard in Los Angeles, consisting of 79 units. The loan amount secured for this property is $14,700,000, categorized as a refinance. The loan terms include a 5-year due date with a 30-year amortization period.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,700,000
- Loan Type: Refinance
- Loan Terms: 5-years due / 30-years amortization
- Address: 409 West Olympic Boulevard
- Market: Los Angeles
- Units: 79
- Brokers: Daniel Emein & Kami Emein - Government Funding Inc
Daniel Emein and Kami Emein are the brokers representing this refinancing deal through Government Funding Inc. They played a critical role in facilitating the transaction through their expertise in financing multifamily assets in the Los Angeles market.
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
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93