Byron Azadeh Secures Construction Loan For 26-Unit Multifamily In Silverlake

The recently closed transaction in Silverlake involved a multifamily property located at 3107 ½ Bellevue Ave. The property spans 26,000 square feet and consists of 26 units. The landlord for this property is Byron Azadeh.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $5,530,000
• Address: 3107 ½ Bellevue Ave.
• Market: Silverlake

During the transaction, the brokers who facilitated the deal were Fred Nabati and Michael Davoodpour from Trimax Realty Inc. They represented the joint venture developer partner and worked closely with several construction lenders to secure favorable loan terms. The loan secured for this transaction was a construction loan, which is known to be challenging to navigate and qualify for. Trimax Realty Inc. recommends seeking their representation when looking for construction financing to ensure a smooth and transparent closing.