facebook
Traded Co logo
Submit a Deal

Continental Partners Provides $4.3M Construction To Perm Loan For Multifamily Asset On Virginia Avenue In East Hollywood

5533 Virginia Avenue
PointingArrow
ShareContact

This MultiFamily property located in CA received a loan of $4,300,000 over 3 years ago. The brokers of the deal were JM Grimaldi and Brian Asheghian

The multifamily property located at 5533 Virginia Ave in East Hollywood has been involved in a recent transaction.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,300,000
  • Date: 07/09/2021
  • Address: 5533 Virginia Ave
  • Market: East Hollywood

The lender for this transaction was Continental Partners, and the landlord is Joseph Simantoub. The loan was facilitated by Brian Asheghian and JM Grimaldi, who represented the parties involved.

The loan amount for this transaction was $4,300,000, with the loan terms being a 10 Year Fixed Construction to Perm Loan at 70% of Cost at 3.95% interest rate.

View Related

Deals
  • Location
    5533 Virginia Avenue, East Hollywood, Los Angeles, CA 90038, USA5533 Virginia Avenue, East Hollywood, Los Angeles, CA 90038, USA
  • Loan Value
    $4,300,000$4,300,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 2 Agencies, 1 Lender2 Brokers, 2 Agencies, 1 Lender

Agents

JM Grimaldi

JM Grimaldi

Deals19
Financed$172.9M

Brian Asheghian

Brian Asheghian

Deals40
Financed$284.8M

Agencies

Continental Partners

Continental Partners

Agency
Deals27
Volume$358M

Convoy Capital

Convoy Capital

Agency
Deals41
Volume$302.1M

Continental Partners

Continental Partners

Lender
Deals28
Volume$ 7.3B

Social

Deal Summary

LOAN IMAGE: Brian Asheghian & JM Grimaldi DATE: 07/09/2021 ADDRESS: 5533 Virginia Ave. MARKET: East Hollywood ASSET TYPE: Multifamily LENDER: Continental Partners LANDLORD: Joseph Simantoub BROKERS: Brian Asheghian (@BAsheghian) & JM Grimaldi (@Watchtog) LOAN AMOUNT: $4,300,000 LOAN TERMS: 10 Year Fixed Construction to Perm Loan at 70% of Cost at 3.95%

Comparables


We could not find what you were looking for, try a different filter

Contact

Broker's profile image

5533 Virginia Avenue

  • Social

  • Comparables

  • Contact

  • Share


  • Login to Suggest Edits