Updated Feb 16, 2024
Massachi Secures $11M Construction Loan For Development Site On N Orange Dr. In Los Angeles
1130 N Orange Dr, Los Angeles, CA 90038, USA
$11,000,000
$1,871/SF
Building Size
5,878 SF
Asset Type
Development Site
Closing
Oct 13, 2020
About this deal
AI
A construction loan in the amount of $11,000,000 has been secured by developer Massachi for a development site located at 1130 N Orange Dr. in Los Angeles. The loan was provided by First Republic Bank.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $11,000,000
- Lender: First Republic Bank
- Developer: Massachi
This construction loan will provide the necessary funds for the development of the site at 1130 N Orange Dr. The loan was sourced through First Republic Bank, demonstrating their confidence in Massachi's development project.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93