SOLD
Continental Partners Secures $11M Loan For La Tijera Villas Multifamily
7140 South La Tijera Boulevard
MultiFamily
47,820 SF
47,820 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
47,820 sqft
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.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Chase Calderon
DATE: 05/08/2020
ADDRESS: 7140 S La Tijera Blvd
MARKET: Westchester
ASSET TYPE: Multifamily
LENDER: Continental Partners Inc.
LANDLORD: La Tijera Villas LLC
BROKER: Chase Calderon @ContiPartners
LOAN AMOUNT: $11,000,000
LOAN TERMS: 3.17%, 10 Year fixed. 30 Year Amo, Non-Recourse
SF: 47,820
UNITS: 34
NOTES: This transaction was a cash-out refinance of a brand new 34 unit multi-family development. Despite market headwinds and changes to underwriting guidelines brought on by the pandemic, @ContiPartners secured financing with zero changes to proposed up-front loan terms.View on map
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Address7140 South La Tijera Boulevard
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