Location: Los Angeles, CA

Loan Amount: $3,800,000

Term/Amortization: 30/30

Loan to Value: 60%

Loan Type: Refinance

Arriba Capital financed a $3.8mm rate & term refinance of a 13-unit apartment building in Los Angeles, CA. This conventional bank loan refinanced a short-term bridge loan, which was used to acquire & renovate the property. This prime West LA location enables easy access to the restaurants and shops located along Ocean Park Blvd & Venice Blvd. The 30-year fully amortizing loan was sized to 60% LTV & provided interest-only payments for the first 36 months.