Updated Jun 13, 2025
Harbor Camels, LLC Obtains $3.02M Loan For Development Site In San Pedro
111 North Harbor Boulevard, San Pedro, CA 90731, USA
$3,020,000
$101/SF
Building Size
29,847 SF
Asset Type
Development Site
Closing
Apr 10, 2019
About this deal
AI
Harbor Camels, LLC has secured a $3,020,000 loan for a development site located at 111 North Harbor Blvd in San Pedro. The loan, provided by Salar Royaei, has a term of 1 year. The property spans 29,847 square feet and the financing represents 77.5% of the loan-to-purchase price ratio.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,020,000
- Address: 111 North Harbor Blvd, San Pedro
- Market: San Pedro
- Lender/Broker: Salar Royaei
Salar Royaei, representing the lender, played a key role in facilitating this transaction for Harbor Camels, LLC. The loan provides the necessary capital for the development site, allowing for potential future growth and development in the area.
Players
Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.25%
Cash-on-Cash
-1.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93