Ally Commercial Real Estate Refinances Office Building In Burbank For $8.1M

The property involved in this closed transaction is an office space located at 2740 W. Magnolia Blvd. in Burbank. The property spans a total of 19,732 square feet.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $8,100,000
• Loan Type: Refinance
• Loan Terms: 75% LTV, 10 Year Fixed, 25 Year Amortization, 3.85% Fixed

Trevor Damyan, from Ally Commercial Real Estate, facilitated this transaction as the broker representing the parties involved. The loan amount for this refinance transaction was $8,100,000, with a loan-to-value (LTV) ratio of 75%. The loan terms include a 10-year fixed rate, a 25-year amortization period, and a fixed interest rate of 3.85%.

For more information about this transaction, reach out to Trevor Damyan, the Capital Markets Director at Ally Commercial Real Estate. He can be contacted via email at [email protected] or by phone at 805.455.0051.