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2423 Ventura Boulevard

HAB Bank Provides $2.96M Refinance Loan For Lewis Lofts In Camarillio. Meridian Capital Group Brokers The Deal
FINANCEDCommercial

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

David Oheb
Verified Badge

David Oheb

Meridian Capital Group

Broker

$863.7M

vol

78 deals

Broker
Habib American Bank (HAB BANK)
Habib American Bank (HAB BANK)Lender

Camarillo Commercial Market Snapshot

Boundary boundary · Commercial · Loan transactions

Loading comparables…

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