19 Unit Apartment Building

North Hollywood, CA

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.

CAPITALIZATION HIGHLIGHTS

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