Arion Fund Provides $4,500,000 Bridge Loan To The Ham Family For Mixed-use Property In Corona
104-18 42nd Avenue
$4,500,000
$126/SF
Building Size
35,480 SF
Asset Type
Mixed-use
Closing
Jun 10, 2026
AI
The property involved in this transaction is a mixed-use asset located at 104-18 42nd Avenue in Corona, with a total square footage of 35,480 and comprising 39 units.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,500,000
- Lender: Arion Fund
- Lender Representative: Eli Ben-Meir
- Landlord: The Ham Family
- Loan Type: Bridge
- Date of Transaction: 6/11/2026
This transaction was orchestrated by Eli Ben-Meir representing Arion Fund, who emphasized their commitment to providing tailored financing solutions within the multifamily sector. The loan was a time-sensitive refinance that was executed swiftly, closing in just 15 days from the term sheet to funding.
Players
Corona Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93