Stefen Chraghchian Of Marcus & Millichap Arranges $52M Refinance For 98-Unit Multifamily In Glendale
FINANCED
$52,000,000
California
See Similar DealsMultiFamily161,848 SF
Financed 01/16/2026
FINANCED
Stefen Chraghchian Of Marcus & Millichap Arranges $52M Refinance For 98-Unit Multifamily In Glendale
520 North Central Avenue
See Similar DealsMultiFamily161,848 SF
Financed 01/16/2026
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$321
Total Square Footage:161,848 SF
Transaction Type:Loan
The asset involved in this transaction is a multifamily apartment building located at 520 North Central Avenue in Glendale, California. The property consists of 98 units and has a total square footage of 161,848. The transaction involves a refinance deal amounting to $52,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $52,000,000
- Total Units: 98
- Square Footage: 161,848
- Lender: Dwight Capital
- Originator: Stefen Chraghchian @Stefen_Chra - Marcus & Millichap
- Loan Type: Refinance
- Loan Terms: 5 Years
Stefen Chraghchian of Institutional Property Advisors played a key role in arranging the refinance for this 98-unit apartment building. His association with Marcus & Millichap and expertise in institutional property arrangements contributed to the successful completion of this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$52,000,000.00
Monthly NOI$346,666.67
Monthly Debt Service$328,675.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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