DTLA Development

$7,208,000 Multifamily Loan from Bank

City: Los Angeles, CA
Loan amount: $7,208,000
Lender type: Bank
Property type: Multifamily
Size: 300+ Units

Transaction description

Jonny Soleimani and Matthew Farzinpour of PSRS arranged the $7,208,000 bridge-to-sale loan on entitled land in downtown Los Angeles. The collateral is two parcels totaling 25,464 SF, with entitlements secured to construct a 300+ unit multifamily development. Financed with bank execution, PSRS provided its borrower with an 18-month loan term with a sub-10% interest rate.

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