Location: Los Angeles, CA

Loan Amount: $2,800,000

Term/Amortization: 30/30

Loan to Value: 65%

Loan Type: Cash-out Refinance

Purpose: Arriba Capital successfully arranges a conventional $2.8mm cash-out refinance on a 8-unit multifamily property in Century City 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.