Updated Feb 16, 2024
Deutsche Bank Provides $150M Loan For Condo Development In Beverly Hills
9908 Santa Monica Boulevard, Beverly Hills, California 90212, United States
$150,000,000
Units
17
Asset Type
—
Closing
Feb 17, 2022
About this deal
AI
Located at 9908 Santa Monica Boulevard in Beverly Hills, this condominium building consists of 17 units. The transaction took place on February 18, 2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $150,000,000
- Address: 9908 Santa Monica Boulevard
- Market: Beverly Hills
- Lender: Deutsche Bank
- Landlord: GPI Companies - Cliff Goldstein & Drew Planting; Nahla Capital - Genghis Hadi
The lender for this transaction was Deutsche Bank. The building is owned by GPI Companies, represented by Cliff Goldstein and Drew Planting, as well as Nahla Capital, represented by Genghis Hadi. The loan amount for this transaction was $150,000,000.
Players
Beverly Hills CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93