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

Saticoy Townhomes | Los Angeles, CA

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

Capital Provider

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