Vanowen Apartments

$10,500,000 Multifamily Loan from Life Insurance Company

City: North Hollywood, California
Loan amount: $10,500,000
Lender type: Life Insurance Company
Property type: Multifamily
Size: 35 Units

Transaction description

Michael S. Tanner and Tony Messiah of PSRS arranged the $10.5 million refinance of a multifamily property in North Hollywood, California. The subject property is a five-story apartment building consisting of 35 units and 64 parking spaces. The building’s amenities include a gym, lounge, roof deck, courtyard, and BBQ area. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a non-recourse loan with a 10-year term and 30-year amortization.

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