Shaun Ashkenazy Of Onyx Funding Secures $3.15M Refinance Loan For Los Angeles Multifamily

The multifamily property in Los Angeles encompasses 4 units within 9,515 square feet. The recent transaction involved a refinance loan amounting to $3,150,000, with a 75% LTV at a 7.45% interest rate. The loan terms include a 10-year interest-only period and a 30-year term.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,150,000
• Units: 4
• Total Square Footage: 9,515
• Market: Los Angeles
• Loan Type: Refinance
• Loan Terms: 75% LTV @ 7.45% rate, 10-years IO, 30 year term
• Broker: Shaun Ashkenazy - Onyx Funding

The broker involved in facilitating the loan was Shaun Ashkenazy from Onyx Funding. The property, having 4 units and spanning 9,515 square feet, was successfully refinanced at the specified terms in the Los Angeles market.