$3,400,000 Refinance Secured for Mixed-Use Property in Los Angeles, CA
Jun 8, 2026 Bank
Deal Summary
Preferred Bank recorded a $3,400,000 deed of trust on the 12,400 square foot mixed use retail and residential building at 7400 Melrose Avenue in Los Angeles. The loan was executed June 8, 2026 and recorded June 15, 2026 in Los Angeles County under document 435890. County records list the owner as Melrose Martel LLC. Reonomy classifies it as a conventional deed of trust and not a refinance.
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Transaction Details
- Closing Date
- Jun 8, 2026
- Loan Amount
- $3,400,000
- Loan Type
- Bank
- Loan Purpose
- Refinance
- Capital Type
- Senior Debt
- Asset Type
- Mixed-Use
- Source
- County record
Property
- Address
- 7400 Melrose Ave
- City, State
- Los Angeles, CA
- Market
- Los Angeles
Property Facts
- Building Size
- 12,410 sq ft
- Lot Size
- 8,806 sq ft (0.20 ac)
- Year Built
- 1926
- Buildings
- 2
- Zoning
- LAC4
- Subtype
- Mixed Use: Retail/Residential
- Floor Area Ratio
- 1.41
Sale History
Last sold for $5,655,000 on Jan 16, 2020. Prior owner Private party.
Prior Financing
| Recorded | Lender | Amount | Instrument | Type |
|---|---|---|---|---|
| Jun 15, 2026 | PREFERRED BK | $3,400,000 | Deed Of Trust | CONVENTIONAL |
| Apr 30, 2021 | LOGIX FCU | $3,400,000 | Deed Of Trust | CONVENTIONAL |
| Jan 22, 2020 | PREFERRED BK | $3,600,000 | Deed Of Trust | CONVENTIONAL |
| Feb 13, 2008 | FARMERS & MERCHANTS BK | $1,785,000 | Deed Of Trust | CONVENTIONAL |
| Aug 7, 2003 | FARMERS & MERCHANTS BK | $300,500 | Deed Of Trust | CONVENTIONAL |
| Mar 17, 2003 | FARMERS & MERCHANTS BK | $1,800,000 | Deed Of Trust | CONVENTIONAL |
| Jan 23, 2001 | Private party lender | $300,000 | Deed Of Trust | PRIVATE PARTY LENDER |
| Sep 1, 1994 | Private party lender | $300,000 | Deed Of Trust | PRIVATE PARTY LENDER |
| May 15, 1990 | Private party lender | $32,900 | Mortgage | PRIVATE PARTY LENDER |
Recorded mortgage history from county records. Amounts are original recorded principal, not current balances.
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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.