August 1, 2022

Northmarq arranges refinancing of multifamily property in Los Angeles, California

1139 East 69th Street

Debt & Equity

Multi-Tenant

LOS ANGELES, CALIFORNIA (August 1, 2022) – Zalmi Klyne, senior vice president /managing director of Northmarq’s Los Angeles debt/equity team negotiated the refinancing for 1139 East 69th Street. The 10-unit apartment building (built in 1923) is located at 1139 East 69th Street, Los Angeles, California. The permanent-fixed loan was structured on a 30-year fully amortizing term. Northmarq arranged financing for the borrower through its relationship with a regional bank. 1139 East 69th Street is one story, 3,744 sq. ft., and contains 10 beds and 10 baths. The property includes paved parking for tenants and is located in a highly walkable neighborhood.

Available Multifamily properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.