Updated Nov 21, 2025
Christina Boisvert's Multifamily Property At 13629 Kornblum Ave Receives $9.94M Refinance Loan
Kornblum Avenue
$9,940,000
$358/SF
Building Size
27,740 SF
Asset Type
MultiFamily
Closing
Aug 29, 2025
About this deal
AI
The property asset involved in the transaction is a multifamily building located at 13629 Kornblum Ave in Hawthorne, CA. The asset contains 44 units and encompasses a total square footage of 27,740. The loan amount for this transaction is set at $9,940,000, with a refinance loan type and a term of 10 years.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,940,000
- Address: 13629 Kornblum Ave
- Market: Hawthorne CA
- Units: 44
- Square Footage: 27,740
- Landlord: Christina Boisvert
- Broker: Shahin Adeli - CBRE
- Loan Type: Refinance
- Loan Terms: 10 years
- Loan to Value (LTV): 75%
- Debt Service Coverage Ratio (DSCR): 1.20x
- Interest Rate: 6.0%
- Prepayment Penalty: No
Key individuals in the deal include Christina Boisvert as the landlord and Shahin Adeli representing the broker through CBRE. The transaction involves a refinance, which indicates a restructuring of existing financing based on the financial terms outlined above.
On the Map
$9,940,000
$358/SF
MultiFamily
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Players
Hawthorne 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
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93