Updated Dec 19, 2023
Cooper-Horowitz Secures $24M Acquisition Loan For Retail Property In Huntington Park
5731 Bickett St
Building Size
—
Asset Type
—
Closing
Aug 24, 2022
About this deal
AI
The retail property located at 5731 Bickett St in Huntington Park has recently undergone a closed transaction. The acquisition deal was facilitated by David Horowitz and Richard Horowitz of Cooper-Horowitz.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $24,000,000
- Loan Type: Acquisition
- Loan Terms: 10 Year, Fixed Rate, Full Term Interest Only Loan
The loan provided for this transaction amounted to $24,000,000. It was specifically tailored for the acquisition of the retail property located at 5731 Bickett St. This loan comes with a fixed interest rate and a term of 10 years, during which the borrower is only required to pay interest.
David Horowitz and Richard Horowitz, representing Cooper-Horowitz, played a key role in finalizing this deal, ensuring a successful acquisition of the retail property.
Players
Vernon CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93