Aron Harkham Of Harkham Ventures Secures $16 Million Refinance For Retail Asset In Los Angeles

The property asset involved in this transaction is a retail space located at 1158 Santee Street and 1151 Maple Ave in the Los Angeles market. This asset spans 33,182 square feet and is associated with a loan amount of $16,000,000 designated for refinancing purposes, featuring a loan-to-value ratio of 75%, a fixed interest rate of 6.30%, and partial interest-only terms.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $16,000,000
• Square Footage: 33,182
• Address: 1158 Santee Street & 1151 Maple Ave
• Market: Los Angeles
• Loan Type: Refinance
• Loan Terms: 75% LTV, 6.30% Fixed Rate, Partial Interest Only
• Landlord: Aron Harkham - Harkham Ventures
• Brokers: Marc Schillinger, Keaton Yellin & Thomas Gonzalez - JLL

In this transaction, Aron Harkham represented Harkham Ventures as the landlord. The brokerage team from JLL, consisting of Marc Schillinger, Keaton Yellin, and Thomas Gonzalez, played a pivotal role in facilitating this refinancing deal.