Location: Los Angeles, CA

Loan Amount: $4,350,000

Term/Amortization: 30/30

Loan Type: Refinance

Arriba Capital successfully closed a $4.35MM refinance of a 12-unit apartment building in Los Angeles, CA. The sponsorship, an experienced value-add investor, acquired the property in early 2020. Our client was able to overcome & navigate the Covid-19 PandThis ideal location, newly renovated product achieved top-of-the-market rents and was fully leased at the time of closing. The loan was leveraged to 65% LTV, 3-years IO, 30-year term, and a low 3% coupon.