Ronald Balys Secures $12.5M Refinance Loan For 29-unit Multifamily In Los Angeles

The recent closed transaction involves a multifamily property located at 5955 Saturn Street in Los Angeles. The property consists of 29 units and was transacted through a refinance loan.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $12,500,000
• Loan Type: Refinance
• Loan Terms: 10-years, 55% LTV & 3.5% interest rate

The loan amount for the transaction was $12,500,000, and it was obtained through a refinancing arrangement. The loan terms include a duration of 10 years, with a loan-to-value ratio of 55% and an interest rate of 3.5%. Ronald Balys from Marcus & Millichap Capital Corporation served as the broker for this deal.