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.