Marcus & Millichap Capital Corporation Arranges $16.4M Loan For Multifamily Properties In Los Angeles
FINANCED
$16,400,000
Malaga
See Similar DealsMultiFamily
Financed 04/30/2023
FINANCED
Marcus & Millichap Capital Corporation Arranges $16.4M Loan For Multifamily Properties In Los Angeles
6311 6313 Monterey Road, 13805 13809 Sherman Way, 8950 Memory Park Avenue
See Similar DealsMultiFamily
Financed 04/30/2023
Summary
Asset Type:MultiFamily
Transaction Type:Loan
Marcus & Millichap Capital Corporation (MMCC) arranged a $16.4 million financing loan for four multifamily properties in the greater Los Angeles area. The properties include locations in Montecito Heights, Van Nuys, North Hills, and Hollywood Hills. The loan was secured by Ronald Balys, a representative of MMCC. The loan features a 30-year term, a 30-year amortization, a 50% loan-to-value ratio, and a 5.42% interest rate.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,400,000
- Units: 118
- Address: 6311-6313 Monterey Road, 13805-13809 Sherman Way, 8950 Memory Park Avenue
- Market: Montecito Heights, Los Angeles, North Hills & Hollywood Hills
Ronald Balys, representing Marcus & Millichap Capital Corporation, played a key role in securing the loan for these multifamily properties in the greater Los Angeles area.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,400,000.00
Monthly NOI$109,333.33
Monthly Debt Service$103,659.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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