VDM Partners Secures $43.4M Acquisition Loan For Multifamily Asset In Marina Del Rey

The asset involved in this transaction is a multifamily property located at 13999 Marquesas Way in Marina del Rey. The property consists of 198 residential units and 206 boat slips, reflecting a diverse offering in a desirable market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $43,400,000
• Loan Type: Acquisition
• Loan Terms: 5 Year Fixed Rate, 70% LTV, Flexible PrePay
• Lender: Phil Hoehn - Guggenheim Real Estate
• Landlord: VDM Partners
• Broker: Michael Guterman - Bellwether Enterprise (BWE)

This transaction was facilitated by key individuals in the real estate financing space, including Phil Hoehn, who served as the lender through Guggenheim Real Estate, and Michael Guterman, who represented the broker side via Bellwether Enterprise. VDM Partners is positioned as the landlord in the deal.