Building Shahin Yazdi successfully placed the 75% of cost acquisition of a 33 unit brick multifamily building in the Mid-Wilshire district of Los Angeles. The rate was fixed for 5 years at 4.225% before floating at 2.25% over the 6 month LIBOR. The non-recourse loan also has 3 Years of interest only before it amortizes over 30 years.
