First Republic Bank Funds $34.5M Loan For Pasadena Condo - Marcus & Millichap Reps
FINANCED
$34,500,000
California
See Similar DealsCondo
Financed 04/16/2020
FINANCED
First Republic Bank Funds $34.5M Loan For Pasadena Condo - Marcus & Millichap Reps
245 S Los Robles Ave, Pasadena, CA...
See Similar DealsCondo
Financed 04/16/2020
Summary
CALIFORNIA
Asset Type:Condo
Transaction Type:Loan
The property involved in the transaction is a condominium located at 245 S Los Robles Ave in Pasadena, CA. The loan for this property was provided on 04/16/2020 by First Republic Bank, with a total amount of $34,500,000.00.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $34,500,000.00
- Market: Pasadena
- Borrower's Rep: Sharone Sabar(Marcus & Millichap), Stefen Chraghchian(Marcus & Millichap)
- Lender: First Republic Bank
The key individuals involved in this deal include Sharone Sabar representing Marcus & Millichap and Stefen Chraghchian also representing Marcus & Millichap. These individuals played crucial roles in facilitating the loan transaction for the condominium in Pasadena.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$34,500,000.00
Monthly NOI$230,000.00
Monthly Debt Service$218,063.47
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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