Updated about 6 years ago on . Most recent reply
Meridian Place Apartments
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $70,250,000
Meridian Place Apartment Homes is located in Northridge, adjacent to Cal State University Northridge and is positioned at a nexus of transportation; residents of Meridian Place can use a variety of convenient transportation options to commute to employment centers throughout Los Angeles County and beyond.
What made you interested in investing in this type of deal?
Shortage of housing in Los Angeles and well below replacement cost.
How did you finance this deal?
Agency debt.