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Six Peak Capital Acquires Package Deal With 118 Units In Eagle Rock, North Hollywood, East Hollywood & Koreatown For $53.7M Loan

Property Image
FINANCED
$53,700,000
Ben Tracy
Alexander Rossinsky
+ 4

California

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Financed 03/16/2022
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Property Image
FINANCED

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

See Similar Deals
Financed 03/16/2022
Ben Tracy
Alexander Rossinsky
+ 4
Contact now

Summary

CALIFORNIA
Transaction Type:Loan

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

Drew Sandler
2 deals$79.2M volume
BROKER

Alexander Rossinsky
WAY Capital
10 deals$811.7M volume
BROKER

Ben Tracy
George Smith Partners
2 deals$79.2M volume
BROKER

Brandon Asherian
George Smith Partners
3 deals$116.9M volume
BROKER

Aiden Moran
George Smith Partners
2 deals$79.2M volume
BROKER

Zachary (Zack) Streit
Priority Capital Advisory
29 deals$957.8M volume
BROKER

Malcolm Davies
WAY Capital
25 deals$1.8B volume
BROKER

MF1 Capital
LENDER

Details

FINANCED
IMAGE: Malcolm Davies, Ben Tracy, Drew Sandler, Zack Streit, Alexander Rossinsky, Brandon Asherian & Aiden Moran DATE: 03/16/2022 MARKET: Eagle Rock, North Hollywood, East Hollywood & Koreatown ASSET TYPE: Package Deal ~ UNITS: 118 LENDER: MF1 LANDLORD: Six Peak Capital - Chris Aiello BROKERS: Malcolm Davies, Zack Streit, Drew Sandler, Alexander Rossinsky, Aiden Moran, Brandon Asherian & Ben Tracy - George Smith Partners LOAN AMOUNT: $53,700,000 LOAN TYPE: Bridge Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$53,700,000.00

Monthly NOI$358,000.00
Monthly Debt Service$339,420.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00