Stefen Chraghchian Of Marcus & Millichap Arranges $52M Refinance For 98-Unit Multifamily In Glendale
520 North Central Avenue
$52,000,000
$321/SF
Building Size
161,848 SF
Asset Type
MultiFamily
Closing
Jan 16, 2026
AI
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.
Players
Glendale 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93