Updated Sep 9, 2024
2031 Ivar St In Hollywood Hills Secures $3.2M Construction Loan From Private Debt Fund
2031 Ivar Avenue, Central LA, Los Angeles, CA, USA
$3,200,000
$459/SF
Building Size
6,970 SF
Asset Type
Development Site
Closing
Apr 22, 2021
About this deal
AI
2031 Ivar St, located in Hollywood Hills, was involved in a recent closed transaction. The property was part of a construction loan deal.
Summary of transaction details
- Property Type: Construction Loan
- Loan Amount: $3,200,000
- Term: 88% LTC, quick close
The loan for 2031 Ivar St was provided by Private Debt Fund. The landlord in this transaction was 2031 IVAR SPE. The brokers involved were Cameron Huard (Cameron Huard @CamHuard) and Will Macfee (Will Macfee @WillMacfee) from WelcomeLend.
It is important to note that no additional information is available at this time.
On the Map
$3,200,000
$459/SF
Development Site
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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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93