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Koreatown, Los Angeles, Cal...

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

$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

Drew Sandler

George Smith Partners

Broker

$79.2M

vol

2 deals

Broker
MF1 Capital
MF1 CapitalLender

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