MMCC, a real estate capital corporation, recently facilitated the refinancing of Palmer Villas in Glendale for $5.2 million. The property, which consists of 18 three-bedroom units and is situated at 817 E Palmer Ave., was refinanced through a national bank on behalf of a private property management company based in Los Angeles. Dan Litman, senior managing director at MMCC’s Los Angeles office, negotiated the terms of the loan which include a 30-year term with 30-year amortization and a loan-to-value ratio of 50%. Located just seven miles north from Downtown Los Angeles, this multifamily property offers convenient access to city amenities while providing spacious living accommodations for its residents.
Lincoln Park Apartments Sold for $55 Million
Jonathan Rose Companies has recently completed the purchase of a Chicago apartment building for $55 million. The New York City-based
Steve Griffin
November 13, 2024
