John Karubian Of Forsat Secures $48 Million Refinance Loan From Wells Fargo For Retail Asset

The property asset involved in this transaction is a retail space located at 3747 South La Brea Avenue in the Los Angeles market. The loan amount secured for this asset is $48,000,000, and it represents a refinance arrangement. The landlord managing this property is John Karubian from Forsat.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $48,000,000
• Lender: Wells Fargo
• Landlord: John Karubian - Forsat
• Brokers: Alex Olson, Jalynn Borders & Danny Ryan - JLL
• Loan Type: Refinance

The deal was facilitated by brokers Alex Olson, Jalynn Borders, and Danny Ryan, who are affiliated with JLL. They played a crucial role in navigating the refinancing process for the landlord, ensuring successful completion of this transaction.