Jake Roberts and Anita Paryani, both senior directors in the firm’s West Los Angeles office, arranged the financing package for The Aventine.
Financing for the property was provided by a bridge lender at a floating interest rate at LIBOR plus 225 basis points. The interest-only loan has an LTV of 71 percent. “The lender provided a commitment to the borrower within two weeks of receiving the signed application for the non-recourse loan,” says Roberts.
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Marcus & Millichap
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