Updated May 12, 2025
One Newport Development LLC Secures $80M Loan For 66-Unit Condo In Newport Beach
4311 Jamboree Road, Newport Beach, CA, USA
$80,000,000
$61/SF
Building Size
1,308,260 SF
Asset Type
—
Closing
Dec 9, 2020
About this deal
AI
The property involved in the transaction is a condo located at 4311-4321 Jamboree Rd., Newport Beach. The loan amount secured for this asset is $80,000,000, and the total number of units in the condo is 66.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $80,000,000
- Address: 4311-4321 Jamboree Rd.
- Market: Newport Beach
- Lender: Parkview Financial
- Landlord: One Newport Development LLC
Key individuals in this transaction include the lender, Parkview Financial, and the landlord, One Newport Development LLC. Their roles were central to facilitating the loan agreement tied to the condo property.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93