Continental Partners Refinances Multifamily Property In Brentwood, Los Angeles For $4.95M

The multifamily property located at 11742 Mayfield Ave. in Brentwood, Los Angeles, was recently involved in a closed transaction for a refinance loan. The property spans approximately 21,206 square feet and consists of 18 units. The transaction took place on 03/30/2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,950,000
• Lender: Continental Partners
• Landlord: Malihe Shab
• Broker: Brian Asheghian - Continental Partners
• Loan Type: Refinance
• Loan Terms: Cash Out Refinance with 7 Years Fixed, 3 Years of Interest Only at 3.50% with Stepdown Prepay

The lender in this transaction was Continental Partners, while the landlord represented in the deal was Malihe Shab. Brian Asheghian, from Continental Partners, served as the broker for this transaction.