The non-recourse 2,712,000 Freddie Mac loan carries a 10-year term, a fixed interest rate, and a 30-year amortization period. Built in 1991, the property on Vanowen Street is a 17 unit garden-style property offering two-bedroom apartments. Located in Van Nuys-North Sherman Oaks Community Plan Area in the city of Los Angeles, the property is conveniently located to surrounding businesses within the San Fernando Valley.
Multifamily Property in Los Angeles
Loan Amount$2.7 million