Permanent Loan

505 W 62nd Street

505 W 62nd Street
Los Angeles, CA
26 Multifamily Units

Principals of Schelin Uldricks & Co. secured financing for a 26-unit mixed use project in south central Los Angeles. The buyer acquired the property while it was in the city’s Rent Escrow Program, implemented a significant renovation, and then exited the program. The financing enabled the borrowers to take $800k in cash out while they brought rents up to market for an eventual sale.

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