A retail asset located at 7650 Melrose Avenue, Los Angeles, covering 13,600 square feet, is involved in this transaction. The loan amount secured for the property is $7,065,000, designated as a refinance. The financing is characterized by a low-cost bank execution with no required deposit relationship, structured as a 5-year fixed loan with a 25-year amortization and a pricing spread of 155 basis points.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,065,000
• Asset Size: 13,600 SF
• Address: 7650 Melrose Avenue
• Market: Los Angeles
• Loan Type: Refinance
• Brokers: Gregory K. Kavoklis & Don Aynesazan - Matthews Real Estate Investment Services

The key individuals facilitating this transaction are Gregory K. Kavoklis and Don Aynesazan from Matthews Real Estate Investment Services. Gregory K. Kavoklis can be reached at 818.206.5835 and via email at [email protected]. Don Aynesazan is available at 213.663.3382 and can be contacted through email at [email protected]. They arranged the permanent financing for the flagship retail asset in Los Angeles.