Midvale Apartments
$5,500,000 Multifamily Loan from Debt Fund
City: Los Angeles, CA
Loan amount: $5,500,000
Lender type: Debt Fund
Property type: Multifamily
Size: 20 Units
Transaction description
Jacob Lee of PSRS arranged the $5.5 million refinance of a multifamily property in Los Angeles, CA. The subject property consists of a 13,790-square-foot apartment complex. The two-story apartment building was constructed in 1963 and has 20 residential rental units. Financed with debt fund execution, PSRS provided its borrower with a non-recourse loan with a 24-month term and closed in 30-days.
TRANSACTION ADVISORS
Jacob Lee
Vice President
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