LOS ANGELES — Senior Vice President and Managing Director Zalmi Klyne of Northmarq’s Los Angeles Debt + Equity team secured the $50.75 million refinance of a 10-property portfolio in the Los Angeles/Hollywood areas overseen by Panot Capital. The buildings were built in the 1920’s, and the portfolio consists of 482 units.
Northmarq arranged financing and the transaction was structured on a 7-year term with four years of interest only payments at a rate of 5.94%.
“We had a complex borrowing structure; and through our insight of the market, we were able to deliver a below market rate loan on vintage, brick buildings across Hollywood,” said Klyne.
Established in late 2023 by real estate executives Aaron Iskowitz and Zain Sayed, Panot Capital is a real estate investment management firm headquartered in Houston, with offices in California, New York and Rhode Island. Panot Capital was formed to create a data-driven institutional-quality investment framework for the management of a family-owned portfolio that develops and owns real estate projects with a focus on multifamily and mixed-use communities. Panot Capital manages properties in 13 cities in eight states, overseeing portfolio management, acquisitions, asset management and development activities. The firm is committed to expanding its investments and client relationships, guided by a vision of sustainable growth and responsible stewardship.
