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Zalmi Klyne Secures $50.75M Refinance For Hollywood Multifamily Portfolio

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FINANCED
$50,750,000

California

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MultiFamily
Financed 04/12/2024
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Property Image
FINANCED

Zalmi Klyne Secures $50.75M Refinance For Hollywood Multifamily Portfolio

MultiFamily
Financed 04/12/2024
the dealplayerscompscontact
Contact now

Summary

Asset Type:MultiFamily
Transaction Type:Loan

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.

Players

Zalmi Klyne
NorthMarq
Zalmi Klyne
9 deals$184.5M volume
BROKER
Israel Discount Bank
Israel Discount Bank
LENDER

Details

FINANCED
IMAGE: Zalmi Klyne, Aaron Iskowitz & Zain Sayed DATE: 04/12/2024 ADDRESS: Portfolio MARKET: Hollywood, Los Angeles ASSET TYPE: Multifamily ~ UNITS: 482 LENDER: Israel Discount Bank (@DiscountBank) LANDLORD: Aaron Iskowitz & Zain Sayed - Panot Capital (@PanotCapital) BROKER: Zalmi Klyne - NorthMarq (@Northmarq) LOAN AMOUNT: $50,750,000 LOAN TYPE: Refinance LOAN TERMS: 7 year term with four years of interest-only payments at a rate of 5.94% NOTE: Zalmi Klyne of Northmarq’s Los Angeles team secured a $50.75 million refinance for a 10-property portfolio overseen by Panot Capital in Los Angeles/Hollywood, comprising 482 units in 1920s buildings. The transaction, structured over a seven-year term with four years of interest-only payments at a 5.94% rate, reflects Klyne's adept handling of a complex borrowing structure, providing below-market-rate loans for vintage properties across Hollywood. Panot Capital, founded in 2023, focuses on data-driven real estate investments, primarily in multifamily and mixed-use communities, with headquarters in Houston and offices in California, New York, and Rhode Island.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$50,750,000.00

Monthly NOI$338,333.33
Monthly Debt Service$320,774.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00