$2,317,500 Multifamily Loan from Debt Fund
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.