Zalmi Klyne Secures $50.75M Refinance For Hollywood Multifamily Portfolio

The portfolio in question is situated in Hollywood, Los Angeles, encompassing 10 properties overseen by Panot Capital. The asset consists of 482 units within buildings dating back to the 1920s. Israel Discount Bank provided a loan amounting to $50,750,000 for the multifamily portfolio, with a refinance loan type structured over a 7-year term featuring four years of interest-only payments at a rate of 5.94%.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $50,750,000
• Units: 482
• Lender: Israel Discount Bank
• Landlord: Aaron Iskowitz & Zain Sayed - Panot Capital
• Broker: Zalmi Klyne - NorthMarq

Zalmi Klyne, a member of NorthMarq’s Los Angeles team, orchestrated the successful $50.75 million refinance for Panot Capital's multi-property portfolio in Hollywood. Panot Capital, founded in 2023, specializes in data-driven real estate investments, particularly in multifamily and mixed-use communities, with a strategic focus on vintage properties. The company's headquarters are located in Houston, with additional offices in California, New York, and Rhode Island.