$7,100,000 | Multifamily Investment Partners, LLC

Property: Saticoy Townhomes
Location: Los Angeles, CA
Description: 42 townhome apartments located in the Lake Balboa neighborhood of the San
Fernando Valley (Los Angeles MSA) and situated on a 1.047-acre site about one
block from Interstate 405. The Property is within a short drive of the Sherman
Oaks Galleria Mall and features a high-quality tenant profile in a strong rental
market.
Loan Type: Acquisition Bridge Loan
Lender: Regional Bank

 

Client Benefits:

  • No prepayment penalty providing the borrower maximum flexibility
  • The loan provides for future funding to finance capital improvements
  • Three-year loan term with two one-year extension options minimizes loan maturity risks
  • Interest only payments for the loan term maximizes the cash yield for the investor