Updated Sep 24, 2026
FINANCEDDevelopment Site
Continental Partners Provides $6.4M Construction Loan For Development Site On Blix St. In North Hollywood
10806 Blix Street, North Hollywood, California 91602, United States
$6,400,000
$445/SF
Building Size
14,370 SF
Asset Type
Development Site
Closing
Apr 28, 2022
About this deal
AI
The development site located at 10806 Blix St. in North Hollywood has recently secured a construction loan. The loan, provided by Continental Partners, amounts to $6,400,000 and is a 10-year fixed construction to perm loan. The loan terms include a 3.95% interest rate and cover 70% of the cost of the project. This development site has a buildable square footage (BSF) of 14,370 and is owned by Eli Meborakh.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $6,400,000
- Loan Type: Construction
- Loan Terms: 10 Year Fixed Construction to Perm Loan at 3.95% Interest Rate at 70% of Cost
The loan transaction was facilitated by brokers Brian Asheghian and JM Grimaldi from Continental Partners. They represented the parties involved in securing the loan for this development site in North Hollywood.
On the Map
$6,400,000
$445/SF
Development Site
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93