FINANCED
Jason Moyal & Max Mellman Secure $19.6M Loan For Point Loma Multifamily Property
Max Benjamin Partners brokers loan for $19,600,000 in San Diego
MultiFamily
Financed 1 year ago
Summary
Loan
CALIFORNIA
MultiFamily
An $19,600,000 loan was secured for a multifamily property in Point Loma, San Diego. The transaction took place on June 7, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $19,600,000
The loan terms include an interest rate of 8.25%, which will decrease to 7% upon the completion of the Certificate of Occupancy. The total origination fee is 2.75 points, and the loan has a term of 3 years. The loan covers 82% of the loan-to-cost ratio and is non-recourse.
The brokers responsible for facilitating this loan are Jason Moyal and Max Mellman.
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Details
FINANCED
IMAGE: Jason Moyal & Max Mellman
DATE: 06/07/2021
MARKET: Point Loma, San Diego
ASSET TYPE: Multifamily
BROKERS: Jason Moyal & Max Mellman
LOAN AMOUNT: $19,600,000
TERMS: Rate: 8.25% (7% upon CO), Total Origination: 2.75 points, Term: 3 Years, 82% LTC, Non-RecourseView on map
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AddressMax Benjamin Partners brokers loan for $19,600,000 in San Diego
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