Crescent Heights Secures $734M Loan For Residential Property In Beverly Hills
10000 Santa Monica Boulevard, Los Angeles, CA, USA
$734,000,000
$682/SF
Building Size
1,075,000 SF
Asset Type
Co-Op
Closing
Apr 22, 2019
AI
A residential property located at 10000 Santa Monica Boulevard, 8 10th Street in Beverly Hills, within the Golden City market, has recently undergone a closed transaction. Jerry Tang and Casey Klein shared an image on Instagram to commemorate the deal.
Summary of transaction details:
- Property Type: Residential
- Loan Amount: $734M
- Loan Terms: 10 years
- Number of Units: 754
- Square Footage: 1,075,000 SF
- Lender: natixis''>Natixis
- Landlord: Crescent Heights
Natixis provided the loan for this residential property deal, with Crescent Heights serving as the landlord. Jerry Tang and Casey Klein, the individuals featured in the Instagram post, are presumably involved in the transaction as well.
Players
Los Angeles Co-Op Market Snapshot
Boundary boundary · Co-Op · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93