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Private Investor Sells 3-Building Portfolio

LOS ANGELES-A private investor disposes of a three-building multifamily portfolio with 107 total units in Koreatown to a buyer who assumed a supplemental debt to the loan balance.

By Kelsi Maree Borland | Updated on December 26, 2013

LOS ANGELES-Vista Investment Group has sold a three-building multifamily portfolio with 107 total units in Koreatown. The buyer purchased the portfolio for $8.8 million, but took over the existing first trust deed, which added a supplemental debt to the loan balance.

Due to the assumed supplemental debt, the transaction was complex. The buyer secured three loans above market rate with low leverage. “Our emphasis on building strong and lasting bonds with our clients ultimately benefits everyone involved,” says Madison Partners partner Darin Beebower, who represented both the buyer and the seller in the transaction.

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