Joseph Shabani & Kamyar Shabani Secure $21.5M Refinance Loan For Retail Asset In Los Angeles

The property asset involved in this transaction is located at 1040 East Slauson Avenue in Los Angeles. This retail asset spans 77,096 square feet and is a significant part of the market in the area. The transaction involves a refinance loan amounting to $21,500,000.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $21,500,000
• Loan Type: Refinance
• Loan Terms: 5
• Lender: JP Morgan Asset Management
• Landlord: Joseph Shabani & Kamyar Shabani
• Brokers: Alex Olson & Daniel Skerrett - JLL

The transaction highlights the involvement of notable individuals and firms, including lenders, landlords, and brokers, showcasing a collaborative effort in the refinancing process. Joseph Shabani and Kamyar Shabani serve as the landlords for this retail asset, while Alex Olson and Daniel Skerrett represent the transaction through JLL, emphasizing the key roles these professionals play within the real estate landscape.