$27,500,000 Refinance Secured for Multifamily Property in Beverly Hills, CA
Feb 26, 2026 Bank
Deal Summary
Citibank provided a $27.5 million loan secured by a 25 unit multifamily property at 131 S. Maple Drive in Beverly Hills, totaling approximately 37,000 square feet, according to public records. The borrower is Rotunda 1031 LLC, with Azim Jamal signing as president.
At $1.1 million per unit of debt, the financing reflects Beverly Hills apartment economics, where renovated units in walkable locations command among the highest rents in Los Angeles County and buildings trade at valuations detached from broader LA multifamily comps.
Money center banks remain reliable lenders on prime Los Angeles multifamily, and for stabilized assets with strong sponsorship the bank execution continues to price inside agency alternatives at moderate leverage.
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Market Notes
Owners of prime submarket multifamily at low leverage often default to agency debt when a bank balance sheet execution would price tighter and close faster. The right answer depends on leverage, prepay flexibility, and hold period, and on sub 60 percent deals the bank market deserves a real look.
Transaction Details
- Closing Date
- Feb 26, 2026
- Loan Amount
- $27,500,000
- Loan Type
- Bank
- Loan Purpose
- Refinance
- Capital Type
- Senior Debt
- Asset Type
- Multifamily
- Source
- Public records
Property
- Property Name
- 131 S Maple Dr
- Address
- 131 S Maple Dr
- City, State
- Beverly Hills, CA
- Market
- Los Angeles
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Transaction details are compiled from public announcements, press releases, industry reporting, or information submitted by parties to the transaction, and have not been independently verified by LoanList CRE. Terms shown may be approximate. Nothing on this page constitutes a quote, offer, or guarantee of financing terms. Full disclaimer.