Orange Apartments

Transaction description

Mike Davis and David Sarnoff of PSRS arranged the $ 2.5 million financing of a multifamily property in Los Angeles, California. The subject property is a newly constructed five-unit townhome-style property located in the heart of Los Angeles’ Mid-Wilshire neighborhood. Each unit features modern amenities such as in-unit washers/dryers, central heating and air, hardwood floors, a fully appointed island kitchen with stainless steel appliances, and a two-car garage with electric vehicle charging capability. Financed with bank execution, PSRS provided its borrower with a five-year loan term.