REBusinessOnline

Arriba Capital Arranges $5.3M Acquisition Loan for Multifamily Property in Beverly Hills

BEVERLY HILLS, CALIF. — Arriba Capital has arranged a $5.3 million loan for the acquisition of a multifamily property located in Beverly Hills. The borrower is a private equity real estate investment company, which plans to renovate the property. The 16-unit community was 38 percent vacant at the time of acquisition.

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