The Real Estate Finance Group, Inc. of Los Angeles Closes Acquisition in Under 35 Days

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A Buyer of a Well Located Multi-Family Property Needed to Close Fast to Win the Bidding. TREFG Performed As Promised.

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"The borrower needed to be 100% sure we could perform as promised because the strength of the purchase contract was enhanced by a non-contingent, fast close at a premium price," added Gianni Novo, Partner and the Originator representing the Borrower.

Adam Petriella, Founder and Managing Partner of The Real Estate Finance Group, Inc. (TREFG) announced the closing of a loan for a Multi-family property located in Hermosa Beach, CA.

"What sets this apart from other Multi-family property loans we are closing is speed and the debt per unit," said Petriella.

"The borrower needed to be 100% sure we could perform as promised because the strength of the purchase contract was enhanced by a non-contingent, fast close at a premium price," added Gianni Novo, Partner and the Originator representing the Borrower.

The 12-unit property was sold by an individual to an LLC.

The buyer's paid just over $3.5MM for the 12 units located just steps from the sand of famed Hermosa Beach.

The 56% LTV loan is for a fixed duration of 5 years priced at almost 3.5%

The Real Estate Finance Group, Inc. (TREFG) is based in Los Angeles and New York City and has an office in Kansas City. The company provides debt and equity for Commercial and Multi-family assets Nationwide.

Media Inquiries Contact: Adam J Petriella, Managing Partner 212-288-6539 x101

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