$1,475,000 Multifamily Loan from Life Insurance Company
City: Orange, CA
Loan amount: $1,475,000
Lender type: Life Insurance Company
Property type: Multifamily
Size: 22 Units
Grady Seldin of PSRS arranged the $1.475MM refinance of a 22-unit multifamily property in Orange, California. The subject property is a pair of two-story, low-rise apartment buildings built in 1963 accompanied by 34 parking spaces. Completed with one of our correspondent Life Co’s, Grady was able to secure his client a 23% LTV, non-recourse loan with a 10-year term and 30-year amortization.