HAB Bank Provides $2.96M Refinance Loan For Lewis Lofts In Camarillio. Meridian Capital Group Brokers The Deal
2423 Ventura Boulevard
$2,960,000
Building Size
—
Asset Type
Commercial
Closing
Jun 1, 2022
AI
Lewis Lofts, located at 2423-2473 Ventura Blvd. in Camarillo, CA, is a fully renovated vintage historic building in Old Town Camarillo. The property offers an attractive boutique retail and office environment, consisting of 18,085 net rentable square feet across five retail spaces and nine office spaces on a 21,992 square foot lot.
Summary of transaction details
- Property Type: Commercial – Retail/Office
- Transaction Amount: $2,960,000
- Address: 2423-2473 Ventura Blvd. - Lewis Lofts, Camarillo, CA
- Market: Camarillo, CA
HAB Bank provided a refinancing loan for Lewis Lofts. The loan amount was $2,960,000. The brokers involved in this transaction were David Oheb, Don Aynesazan, and Max Jacobson from Meridian Capital Group. Meridian Capital Group is America's most active real estate finance and advisory firm, with a track record of closing over $55 billion in financing in 2021 across various property types. They represent many leading real estate investors and developers.
For more information about how Meridian can add value to your portfolio, please contact David Oheb at 212-612-0193 or [email protected].
Players
Camarillo Commercial Market Snapshot
Boundary boundary · Commercial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.36%
Cash-on-Cash
-1.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93