19 Unit Apartment Building in North Hollywood, CA

 

CAPITALIZATION HIGHLIGHTS

 

  • $2.6MM
  • 7 year fixed
  • 2 year interest only
  • Funding Source: Local Bank

 

SALIENT DEAL POINTS

 

  • Exceeded bank LOI by $300k working closely with lender to maximize NOI
  • LLC is 70% owned by foreign citizens.
  • Property not yet updated with soft story retrofit as required by the city.