The La Plaza LLC Secures $5.8M SBA Loan For Mixed-Use Property In Fashion District

The mixed-use property located at 1049 S Los Angeles St. in the Fashion District was recently involved in a closed transaction. The property consists of 27,300 square feet and includes 8 units. The transaction was facilitated by broker Ron Balys from TheBalysGroup on behalf of the buyer or seller.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $5,812,000
• Loan Amount: $5,812,000
• Loan Terms: 90% LTV @ 3.60%
• Market: Fashion District
• Lender: mmcc''>MMCC
• Landlord: The La Plaza LLC
• Broker: Ron Balys @TheBalysGroup

This transaction involved an SBA loan with a loan-to-value ratio of 90% and an interest rate of 3.60%. The property, with its 8 units and a total area of 27,300 square feet, was owned by The La Plaza LLC and was subject to the loan provided by MMCC. Ron Balys from TheBalysGroup acted as the broker in this deal, representing one of the parties involved.