HNB Bank Provides $7.5M Refinance Loan For Specialty Use Building In Downtown Los Angeles

Located at 412 W. 6th St. in Downtown Los Angeles, this specialty use building has recently undergone a refinancing transaction. The property encompasses a total of 112,418 square feet, offering ample space for various tenants and units. The loan for this property was provided by HNB Bank and amounted to $7,500,000. The borrower, Yeshiva Janian, successfully secured favorable loan terms with the assistance of brokers Fred Nabati and Michael Davoodpour from Trimax Realty Inc.

Summary of transation details

• Property Type: Note
• Transaction Amount: $7,500,000
• Address: 412 W. 6th St.
• Market: Downtown Los Angeles
• Lender: HNB Bank
• Landlord: Yeshiva Janian
• Brokers: Fred Nabati & Michael Davoodpour - Trimax Realty Inc.

Trimax Realty Inc., represented by brokers Fred Nabati and Michael Davoodpour, played a crucial role in assisting the borrower to attain favorable loan terms for this specialty use building. Despite the challenges presented by a building with over 100 units/tenants, Trimax demonstrated their expertise and resources in navigating the complex financing process. Commercial lenders can be stringent in evaluating borrower qualifications and financials, especially in the current volatile rate environment. However, Trimax has proven to be well-versed and knowledgeable in helping borrowers secure the most advantageous loan terms and rates. For commercial financing, consider choosing Trimax for their expertise and competitive edge. Get in touch with them today by calling (424) 222-9456 or emailing [email protected].