LOS ANGELES—A group of local investors has secured $25.3 million in Fannie Mae loans through the refinance of a six-property multifamily portfolio in Los Angeles. The borrower plans to use the proceeds from the loan to fun future investments in the L.A. area.

The six properties are located at 8916 and 8926 Burnet Avenue, 9237 Van Nuys Blvd., 11120-22 Arminta Street, 1215-25 N. Cherokee Ave., and 6729 Cleon Ave. The loan sizes for each of these properties ranged from $2.4 million to $5.5 million. The Burnet Avenue properties have amenities like a swimming pool, onsite laundry facilities and parking for residents. The remaining properties, which range in size from 27 to 52 units, offer only onsite parking.

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