Continental Partners Secures $11M Loan For La Tijera Villas Multifamily

A cash-out refinance of a brand new 34 unit multi-family development has recently taken place in Westchester. The property, located at 7140 S La Tijera Blvd, was sold by La Tijera Villas LLC with the assistance of broker Chase Calderon from Continental Partners Inc. The transaction was completed on 05/08/2020.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $11,000,000
• Loan Amount: $11,000,000
• Loan Terms: 3.17%, 10 Year fixed. 30 Year Amo, Non-Recourse
• Market: Westchester
• Square Footage: 47,820
• Units: 34

Continental Partners Inc. played a significant role in securing the financing for this transaction with no changes to the proposed up-front loan terms. Despite the challenging market conditions brought on by the pandemic, the deal proceeded as planned. Chase Calderon, representing Continental Partners Inc., successfully facilitated the cash-out refinance on behalf of La Tijera Villas LLC.