Northmarq arranges $17.96M refinance for prime Los Angeles and West Hollywood multifamily portfolio
LOS ANGELES (Feb. 25, 2025) — Northmarq’s Los Angeles Debt + Equity team, led by Senior Vice President and Managing Director Zalmi Klyne, successfully arranged $17.96 million in financing for a two-property multifamily portfolio in Los Angeles and West Hollywood. The 69-unit portfolio spans sought-after locations, offering a mix of modern living spaces and high-end amenities.
Financing was secured on behalf of two California-based owners through a bank, leveraging Northmarq’s strong correspondent relationships. The transactions were structured with 30-year terms, optimizing long-term value for the borrowers.
“This financing reflects our team’s ability to navigate dynamic market conditions and structure deals that align with both lender and borrower goals,” said Klyne. “We got the bank comfortable to underwrite anticipated rent increases, and allowed the borrower to buy down the rate to maximize leverage and minimize the borrower’s cash-in.”
The bank demonstrated confidence in the property’s strength, underwriting based on $6,000 monthly rents — a testament to the high demand in the area.
The Los Angeles property, built in 1963, features studio, one- and two-bedroom apartments, complete with built-in storage, private balconies and brand-new fixtures. Residents benefit from on-site laundry, secure entry and convenient Metro access, making it a desirable choice for urban dwellers.
In West Hollywood, Klyne arranged the $8.5 million refinance for a luxury 16-townhome community, boasting custom cabinetry, stainless steel appliances, floor-to-ceiling windows and in-unit washer/dryers. Situated just steps from premier dining, entertainment, and shopping, the property offers a prime location for upscale renters.
Meet our team
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
