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Unit Mix
Unit
Type |
Market Rate
Units |
Affordable
Units |
Total
Units |
Average Unit
Size |
| Junior 1 Bed + 1 Bath |
32 |
10 |
42 |
531± sf |
| 1 Bed + 1 Bath |
18 |
3 |
21 |
606± sf |
| 2 Bed + 1 Bath |
1 |
0 |
1 |
700± sf |
| 2 Bed + 2 Bath |
28 |
7 |
35 |
728± sf |
| 3 Bed + 2 and 1 half Bath |
1 |
0 |
1 |
735± sf |
| Total |
80 |
20 |
100 |
660± sf |
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Affordability Component
Twenty percent (20%) of the units are reserved for occupancy by individuals or families whose income does not exceed eighty percent (80%) of the area median income. This affordability requirement expires August 1, 2018.
Schedule for Low Income Rents
Date of Schedule: 02/13/08
|
1 Per |
2 Per |
3 Per |
4 Per |
5 Per |
6 Per |
7 Per |
8 Per |
| Low Maximum Income |
$42,450 |
$48,500 |
$54,600 |
$60,650 |
$65,500 |
$70,350 |
$75,200 |
$80,050 |
|
0 Br |
1 Br |
2 Br |
3 Br |
4 Br |
Low
Maximum
Rent |
$1,061 |
$1,213 |
$1,516 |
$1,759 |
$2,001 |
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Loan Quote
CBRE | Melody has underwritten the North Hollywood Park Apartments based on the numbers provided by the broker and arrived at the following loan terms. Please note that the “Rehab” terms listed in the loan quote assume approximatley $5,000 / unit of rehab at the property.
Estimated Loan Quote from CBRE Melody -10.29.08
The above loan quote has been provided by Brian Eisendrath and Justin Arquilla of CBRE Melody. For further information regarding the available financing on the North Hollywood Park Apartments, please contact:
Brian Eisendrath
310.228.2125
brian.eisendrath@cbre.com
Justin Arquilla
310.228.2124
justin.arquilla@cbre.com
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