870 HILGARD APARTMENTS
$15,500,000 Multi-Family Loan from Life Insurance Company
City: Westwood, Los Angeles, CA
Loan amount: $15,500,000
Lender type: Life Insurance Company
Property type: Multi-Family
Size: 77 Units
PSRS provided financing for this 77-Unit apartment building located in Westwood, CA adjacent to UCLA with one of its correspondent life insurance companies. The 15-year term, non-recourse loan with a 30-year amortization schedule was priced at 1.70% over the 10-year treasury note. 870 Hilgard features many amenities including two elevators, gym, dry sauna, laundry, pool, BBQ and controlled access. This low leverage loan was used to pay off a maturing loan.