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
$16,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 30, 2023
AI
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.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93