This loan is a first deed of trust on an apartment building in Los Angeles, CA. Los Angeles, often referred to by its initials L.A., is the most populous city in California. With roughly an estimated 9.86 million residents as of 2022, it is the second-most populous city in the United States, behind only New York City; it is also Southern California's commercial, financial, and cultural center. Los Angeles has an ethnically and culturally diverse population and is the principal city of a metropolitan area of 13.2 million people. Greater Los Angeles, which includes the Los Angeles and Riverside-San Bernardino metropolitan areas, is a sprawling metropolis of over 18 million residents. The subject property is a two-story multifamily apartment complex situated in the densely populated Pico-Union neighborhood, just west of Downtown Los Angeles. Built in 1964, the building contains 10 residential units and spans approximately 8,464 square feet of gross and net rentable area on a 7,500-square-foot lot zoned R-3 for multiple dwellings. The unit mix includes two 1-bedroom units and eight 2-bedroom units, with variations in bath counts (ranging from 1 to 2). The purpose of the loan is to pay off the current lien that became due on July 1st and to repay taxes that were incorrectly calculated by the county due to a reassessment error. Before maturity, the Borrower will refinance into a long-term DSCR loan or list the property for sale.