Updated Sep 9, 2024
Meridian Capital Group Refinances $1M Multifamily Loan On Main Street, Los Angeles
7912 Main Street
$1,000,000
$1,000,000/SF
Building Size
1 SF
Asset Type
MultiFamily
Closing
Feb 1, 2023
About this deal
AI
The multifamily property located at 7912 Main Street in Los Angeles, CA has recently undergone a loan transaction. The property, represented by Dorian Aftalion from Meridian Capital Group, secured a refinance loan amounting to $1,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Loan Type: Refinance
- Loan Terms: 5-Year Fixed at 5.70%, 30-Year Amortization
- Date: 02/01/2023
- Address: 7912 Main Street, Los Angeles, CA
- Market: Los Angeles, CA
The loan terms include a 5-year fixed rate at 5.70% with a 30-year amortization schedule. Meridian Capital Group, a reputable real estate finance and advisory firm, provided the financing. For more information, interested parties may reach out to [email protected].
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit David Oheb to view all their deals.
Browse Connecticut multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93