Arixa Capital provided $1,424,000 financing in an acquisition and renovation loan for this multifamily property in Long Beach, CA. The client plans on upgrading the common area, install new roofing, plumbing, electrical, windows, and landscaping. No major structural changes will be made or any square footage added. The Loan-to-Cost was 80% with a twelve month loan term.
Number of Units: 8
Lot Size: 6,515 square feet
Year Built: 1960
Est. Repaired Value: $1,900,000