Updated Dec 12, 2024
Helaba Provides $95M Loan For Resi Condo At 705 W. 9th St. In DTLA
705 West 9th Street, Los Angeles, CA 90015, USA
$95,000,000
$65,972/SF
Building Size
1,440 SF
Asset Type
—
Closing
Jan 24, 2019
About this deal
AI
A residential condo property located at 705 W. 9th St. in DTLA has recently been involved in a closed transaction. The property consists of 214 units and was sold for a loan amount of $95 million. The loan has a term of 10 years and was provided by helaba''>Helaba. The landlord in this transaction is ASB RE Investments.
Summary of transaction details
- Property Type: Resi Condo
- Transaction Amount: $95M
- Address: 705 W. 9th St.
- Market: DTLA
In this deal, Helaba served as the lender, providing a loan amount of $95 million. ASB RE Investments acted as the landlord. The transaction involved the sale of a residential condo property located at 705 W. 9th St. in DTLA, consisting of 214 units. The loan term is set at 10 years, allowing the buyer to utilize the property for an extended period.
On the Map
$95,000,000
$65,972/SF
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93