Location: Los Angeles, CA

Loan Amount: $3,100,000

Term/Amortization: 30/30

Loan to Value: 65%

Loan Type: Cash-Out Refinance

Arriba Capital successfully arranges a conventional $3,100,000 cash-out refinance on a 5-unit multifamily property in the West Hollywood neighborhood of Los Angeles, CA. 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 units were 100% occupied at closing. The sponsor is a repeat client and a well-established multifamily operator in Southern CA.