California Loan Servicing (CLS) Refinances Los Angeles Office Building With $19.5M Loan | California Loan Servicing Refinances Los Angeles Office Building With $19.5M Loan | Trevor Damyan, Melvin Maghari Jr, Ryan Bunting | Office | Loan

Summary

Loan

CALIFORNIA

Office

140,000 sqft

An office property located in Los Angeles has recently undergone a refinancing transaction. The property spans approximately 140,000 square feet and is represented by Melvin Maghari Jr, Ryan Bunting & Trevor Damyan from California Loan Servicing (CLS).

Summary of transaction details

Property Type: Office
Transaction Amount: $19,500,000

The loan amount for this refinancing deal is $19,500,000. The loan terms include a 50% loan-to-value ratio and an 18-month interest-only period. Following the interest-only period, the loan will be amortized over 30 years with a fixed interest rate of 7.02%. The interest rate was locked at the time of application.

Note: No additional information was provided regarding the specific property address or market value.

Players

All
4

Agents
3
Agencies
1

CLS - California Loan Servicing

Details

Deal Summary

FINANCED

IMAGE: Melvin Maghari Jr, Trevor Damyan & Ryan Bunting DATE: 09/14/2023 MARKET: Los Angeles ASSET TYPE: Office ~ SF: 140,000 BROKER: Melvin Maghari Jr, Ryan Bunting & Trevor Damyan (@hoteltowelwaster) - California Loan Servicing (CLS) LOAN AMOUNT: $19,500,000 LOAN TYPE: Refinance LOAN TERMS: 50% LTV, 18-months Interest only followed by 30 year am., fixed rate of 7.02%, locked at application

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AddressCalifornia Loan Servicing Refinances Los Angeles Office Building With $19.5M Loan

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