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First Pacific Financial Provides $1.38M Loan For Echo Park Multifamily Property

1110-1112 1/2 Echo Park Avenue
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This MultiFamily property located in CA received a loan of $1,380,000 about 2 years ago. The brokers of the deal were Joe Mercado, Bobby Villanueva, James (Jim) Gilb, and Grant Feitshans

Located in Echo Park, the multifamily property at 1110-1112 1/2 Echo Park Ave. has recently undergone a closed transaction. This property spans approximately 5,638 square feet, making it an attractive investment in the Echo Park market.

Summary of transaction details:

The loan for this transaction was provided by First Pacific Financial at a loan amount of $1,380,000. It was a purchase loan with a 3.15% interest rate. The loan terms include 5 years of interest-only payments, followed by a 30-year term.

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Deals
  • Location
    1110 Echo Park Avenue, Los Angeles, California 90026, United States1110 Echo Park Avenue, Los Angeles, California 90026, United States
  • Loan Value
    $1,380,000$1,380,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 2 Agencies, 1 Lender4 Brokers, 2 Agencies, 1 Lender

Agents

Bobby Villanueva

Bobby Villanueva

Deals1
Financed$1.4M

Joe Mercado

Joe Mercado

Deals2
Financed$8.7M

Grant Feitshans

Grant Feitshans

Deals3
Financed$30.2M

Agencies

Re/Max

Re/Max

Agency
Deals480
Volume$2.2B

Lee & Associates

Lee & Associates

Agency
Deals970
Volume$10B

First Pacific Financial

First Pacific Financial

Lender
Deals4
Volume$ 365.8M

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Deal Summary

LOAN IMAGE: Grant Feitshans & Joe Mercado DATE: 12/30/2021 ADDRESS: 1110-1112 1/2 Echo Park Ave. MARKET: Echo Park ASSET TYPE: Multifamily ~ SF: 5,638 LENDER: First Pacific Financial LANDLORD: Sandra Kobrin BROKERS: Jim Gilb - Lee & Associates, Bobby Villanueva - ReMax Commercial & Joe Mercado & Grant Feitshans - First Pacific Financial LOAN AMOUNT: $1,380,000 LOAN TYPE: Purchase Loan LOAN TERMS: 3.15%, 5 years Interest Only, 30 year term

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1110-1112 1/2 Echo Park Avenue

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