Deal Summary
INSIGNIA arranged $1,150,000 of cash-out refinancing for a 12-unit multifamily property in Van Nuys, California, in the Los Angeles market.
| Item | Detail |
|---|---|
| Transaction type | Cash-out refinance |
| Property | Multifamily, 12 units, built 1963 |
| Location | Van Nuys, California 91406 (Los Angeles market) |
| Total financing | $1,150,000 |
| Capital source | Bank |
The Transaction
The borrower, a single-asset ownership entity, refinanced a 12-unit multifamily property in the San Fernando Valley. The new bank loan returned cash to the borrower at closing.
Capital Structure
| Item | Detail |
|---|---|
| New loan amount | $1,150,000 |
| Purpose | Cash-out refinance |
| Capital source | Bank |
INSIGNIA
INSIGNIA arranged the financing, including structuring the request, selecting the capital source and coordinating the process through closing. Multifamily refinancing is a core part of our practice, and we place it with the lender that fits the borrower, the asset and the objective, whether that is a bank, a private capital source or our proprietary capital.
This summary describes a closed transaction for informational purposes and is not an offer of financing or a statement of current pricing, which varies with market conditions, property type, sponsor credit and program requirements.
