Micheltorena Apartments
$2,317,500 Multifamily Loan from Debt Fund
City: Los Angeles, CA
Loan amount: $2,317,500
Lender type: Debt Fund
Property type: Multifamily
Size: Eight Units
Transaction description
Jacob Lee of PSRS arranged the $2,317,500 refinance of a multifamily property in Los Angeles, California. The subject property consists of eight units within four detached Spanish-style bungalows and a detached six-car garage. The units are 1-bed/1-bath and there are two units within each building, totaling 4,016 square feet. Financed with debt fund execution, PSRS provided its borrower an 18-month, interest-only loan term, 75% loan to purchase, and 100% CapEx financing.
TRANSACTION ADVISORS
Jacob Lee
Vice President
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