Six Peak Capital Acquires Package Deal With 118 Units In Eagle Rock, North Hollywood, East Hollywood & Koreatown For $53.7M Loan
Koreatown, Los Angeles, California, United States
$53,700,000
Building Size
—
Asset Type
—
Closing
Mar 15, 2022
AI
A package deal consisting of 118 units in Eagle Rock, North Hollywood, East Hollywood, and Koreatown was recently closed. The transaction, which took place on 03/16/2022, involved a bridge loan provided by MF1. The loan amount for the deal was $53,700,000. The property was acquired by Six Peak Capital, represented by Chris Aiello.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $53,700,000
- Units: 118
- Market: Eagle Rock, North Hollywood, East Hollywood, Koreatown
The transaction was facilitated by a team of brokers from George Smith Partners, including Malcolm Davies, Zack Streit, Drew Sandler, Alexander Rossinsky, Aiden Moran, Brandon Asherian, and Ben Tracy. This collaboration played a crucial role in successfully closing the deal. The package deal, involving the acquisition of 118 units across multiple locations, showcases the expertise and capabilities of all parties involved.
Players
Los Angeles 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
0.30%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93