Location: Los Angeles, CA

Loan Amount: $5,100,000

Term/Amortization: 30/30

Loan to Value: 65%

Loan Type: Cash-out Refinance

Arriba Capital successfully closed a $5.1mm cash-out refinance on an 18-unit multifamily property in Los Angeles, CA. The non-recourse 30-year fully amortizing loan was sized to 65% LTV & provided 36-months of interest-only payments. The sponsor is a repeat client and a well-established multifamily operator in Southern, CA.