SVP and handling director Zalmi Klyne of Northmarq’s Los Angeles Debt + Fairness group secured the $50.75-million refinance of a 10-property portfolio in the Los Angeles/Hollywood places overseen by Panot Cash. The buildings were crafted in the 1920s, and the portfolio is composed of 482 units.
Northmarq organized funding and the transaction was structured on a seven-calendar year expression with 4 yrs of curiosity-only payments at a amount of 5.94%.
“We had a sophisticated borrowing construction and via our perception of the market, we have been able to produce a below-market-price financial loan on vintage, brick structures throughout Hollywood,” stated Klyne.
Set up in late 2023 by authentic estate executives Aaron Iskowitz and Zain Sayed, Panot Capital is a authentic estate investment administration organization headquartered in Houston, with workplaces in California, New York and Rhode Island. The company was formed to build a information-pushed, institutional-quality investment decision framework for the administration of a household-owned portfolio that develops and owns serious estate initiatives with a target on multifamily and mixed-use communities.
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