First Republic Bank Funds $34.5M Loan For Pasadena Condo - Marcus & Millichap Reps
245 S Los Robles Ave, Pasadena, CA...
$34,500,000
Building Size
—
Asset Type
Condo
Closing
Apr 16, 2020
AI
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
Pasadena Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93