Riviera South is a 7-unit multifamily property, in a fast-changing corridor of southeast Los Angeles. The seller of this property wanted a fast, all-cash closing with few contingencies. We were able to close the deal in just 9 days and created a win-win transaction for the seller and our group.

We renovated a few units and obtained permanent financing at a very low interest rate units and will refinance the property once repositioning is complete. Given the progress in the area, we expect to hold this property for the long term.