Updated Mar 11, 2025
Natixis Provides $310M Loan For Residential Tower In Downtown LA
889 Francisco Street, Los Angeles, CA 90017, USA
$310,000,000
$227,106/SF
Building Size
1,365 SF
Asset Type
Co-Op
Closing
Aug 14, 2018
About this deal
AI
A loan in the amount of $310,000,000 was secured for a residential tower located at 889 Francisco St in the Downtown LA market of Los Angeles. The loan transaction involved François Riahi, the CEO of natixis''>Natixis, as the lender. Cottonwood Group represented the borrower as the broker, and Greenland USA served as the landlord and developer of the property.
Summary of transaction details
- Property Type: Residential tower
- Transaction Amount: $310,000,000
- Lender: Natixis
- Broker: Cottonwood Group
- Landlord/Developer: Greenland USA
François Riahi, the CEO of Natixis, played a key role as the lender in this transaction. Cottonwood Group acted as the broker representing the borrower, while Greenland USA was involved as the landlord and developer. The loan amount of $310,000,000 was secured for the residential tower located at 889 Francisco St in Downtown LA.
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
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93