Stephen Ho And Robert Lee Of Spira Equity Partners Acquire Dorado Senior Apartments For $34M

The asset involved in the transaction is a multifamily property located at 8622 Stanton Avenue in Buena Park, which encompasses 150 units. The transaction price for the sale was $34,000,000. The property is part of the affordable housing community sector.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $34,000,000
• Buyer: Stephen Ho & Robert Lee - Spira Equity Partners
• Broker: Brandon Grisham - Berkadia
• Mortgage Brokers: Tim Leonhard & Justin Sigmon - Berkadia
• Units: 150
• Price Per Unit (PPU): $226,667

The transaction also included significant financing, with Berkadia facilitating a $20 million bridge acquisition loan for the buyer, Spira Equity Partners, along with additional financing for the preservation of the property. Overall, the deal reflects key involvement from Berkadia in both the sale and financing aspects.