Updated Mar 11, 2025
Continental Partners Provides $5.6M Construction Loan For North Hollywood Development Site
11155 Huston St, North Hollywood, CA 91601, USA
$5,613,000
$22/SF
Building Size
247,400 SF
Asset Type
Development Site
Closing
Sep 15, 2020
About this deal
AI
A development site located at 11155 Huston St in North Hollywood has recently undergone a transaction. The property, represented by Brian Asheghian and JM Grimaldi from ContiPartners, was financed by Continental Partners.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $5,613,000
- Loan Terms: Construction Financing at 70% Loan to Cost, Prime + 1.00%, 24 Month Term and No Prepay
- Building Square Footage: 24,740
The key individuals involved in this deal include Brian Asheghian from ContiPartners and JM Grimaldi. These individuals played a crucial role in representing the buyer and coordinating the transaction. Their expertise and negotiating skills contributed to the successful financing of the development site.
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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93