E&S Ring Secures $95.8 Million Refinance For Multifamily Portfolio Across Southern California

The transaction involves a multifamily portfolio comprising six properties located at 550 South Barrington Avenue, 6300 Green Valley Circle, 15450 Nisqualli Road, 3205 Los Feliz Boulevard, 233 South Barrington Avenue, and 5351 South San Vicente Boulevard in the Brentwood, Culver City, Victorville, and Los Angeles markets, totaling 1,461 units. The refinance loan amount is $95,800,000 arranged by NorthMarq through Voya Investment Management, addressing debt maturities while preserving ownership flexibility.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $95,800,000
• Lender: Voya Investment Management
• Brokers: Nate Prouty & Andrew Slaton - NorthMarq
• Number of Units: 1,461
• Loan Type: Refinance
• Location: Brentwood, Culver City, Victorville & Los Angeles, CA

Nate Prouty and Andrew Slaton, representing NorthMarq, facilitated the refinancing process, coordinating the arrangement of six separate loans with fixed- and floating-rate structures to accommodate the financial strategies of E&S Ring, the owner and operator of the multifamily portfolio.