The Bascom Group Secures $8.5 Million Refinance Loan For The Charleston Apartments In Los Angeles

The Charleston Apartments is a historic multifamily property located at 729 South Union Avenue in Los Angeles, CA. It features 133 units, and the refinancing involved an amount of $8,500,000. The property resides in the Westlake neighborhood, an area known for its rich history and vibrant culture.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,500,000
• Lender: CalPrivate Bank
• Landlord: Derek Chen, Jerry Fink & David Kim - The Bascom Group
• Broker representatives: Michael Derk, Daizy Gomez, Linsey Farrahi & Zack Metzner - Marcus & Millichap Capital Corporation
• Loan Type: Refinance

This refinancing transaction was facilitated by The Bascom Group, which secured the loan from CalPrivate Bank with the assistance of Marcus & Millichap Capital Corporation. The collective expertise of the brokers played a vital role in successfully arranging the financing for this historic property.