Talmadge Apartments

$2,600,000 Multifamily Loan from Bank

City: Los Angeles, CA
Loan amount: $2,600,000
Lender type: Bank
Property type: Multifamily
Size: 16 Units

Transaction description

Mike Davis and Tony Messiah of PSRS arranged the $2.6 million refinance of a multifamily property located in Los Angeles, California. The subject property is a 16-unit building in the hills of the Los Feliz neighborhood of Los Angeles. Built in 1953, there are 14 one-bed/one-bath units, two 2-bed/one-bath units, laundry facilities, and a parking ratio of 1.1/unit. Financed with bank execution, PSRS provided its borrower with a non-recourse loan with a five-year term and a 30-year amortization.

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