West Modular Construction Secures $8 Million Refinance For 22-Unit Multifamily Development In Los Angeles

The property asset involved in this transaction is a multifamily development located at 2853 West Boulevard in Los Angeles, comprising 22 units and totaling 21,597 square feet. The loan amount secured for this property is $8,000,000 under a refinance loan type, with terms set for 18 months.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,000,000
• Loan Type: Refinance
• Market: Los Angeles
• Units: 22
• Square Footage: 21,597
• Lender: Mark Bolour, DaJuan Bennett & Jason Huang - BOLOUR - BA Debt Fund
• Landlord: West Modular Construction
• Landlord's Representative: Zachary Novatt - Max Benjamin Partners
• Loan Terms: 18 Months

Key individuals involved in the deal include the lender Mark Bolour, the representatives DaJuan Bennett and Jason Huang from BOLOUR, and the landlord represented by Zachary Novatt of Max Benjamin Partners. As noted by the lender, BOLOUR provided a flexible refinance to pay off existing construction debt while enabling the project’s completion and lease-up processes.