Melrose Apartments

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PROJECT INFO

Bank perm loan for 52-unit luxury apartments in Hollywood

FINANCE AMOUNT

$24,400,000

DESCRIPTION

30/30 fixed for 5yrs; Rate lock at app; 3yrs IO; 1yr recourse, 61% LTV, 1.2x DCR; No prepay if refi w/Fannie thru Lender
Los Angeles, CA
Permanant Financing
Multifamily
2022