Location: Los Angeles, CA

Loan Amount: $2,800,000

Term/Amortization: 30/30

Loan to Value: 65%

Loan Type: Cash-out Refinance

Arriba Capital successfully arranges a conventional $2.8mm cash-out refinance on a 8-unit multifamily property in the Century City neighborhood of Los Angeles, CA. The large one, two, & three bedroom units were 100% occupied at closing. There were no lender required “COVID Reserves" & the 30-year loan features interest-only payments and a fixed rate for the first 5 years. The sponsor is a repeat client and a well established multifamily operator in Southern CA.