EGC Partners Secures $22.8 Million Bridge Loan From Jeffrey Karsh For Los Angeles Multifamily Asset
904 South New Hampshire Avenue
$22,800,000
$312/SF
Building Size
73,000 SF
Asset Type
Condo
Closing
Apr 17, 2025
AI
The asset involved in the transaction is a multifamily condo located at 904 South New Hampshire Avenue in the Los Angeles market. It comprises 63 units and is classified as a multifamily property. The loan amount associated with this transaction is $22,800,000 and it is categorized as a bridge loan.
Summary of transaction details:
- Property Type: Multifamily (Condo)
- Transaction Amount: $22,800,000
- Address: 904 South New Hampshire Avenue
- Market: Los Angeles
- Asset Units: 63
- Lender: Jeffrey Karsh - Tryperion Holdings
- Landlord: EGC Partners
- Broker: Zack Streit - Priority Capital Advisory
- Loan Type: Bridge
The transaction features key participants including Jeffrey Karsh, who represents the lender Tryperion Holdings, and Zack Streit, representing Priority Capital Advisory as the broker. EGC Partners is identified as the landlord in this deal.
Los Angeles 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
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93