Updated Mar 11, 2025
Romspen Provides $24.25M Acquisition Loan For 333 Multifamily Unit Development Site In Thousand Oaks
2150 West Hillcrest Drive, Thousand Oaks, California 91320, United States
$24,250,000
$76/SF
Building Size
315,684 SF
Asset Type
Development Site
Closing
Mar 23, 2022
About this deal
AI
The development site located at 2150 W. Hillcrest Dr. in Thousand Oaks has been involved in a recent closed transaction. The property is a development site consisting of 333 multifamily units with a building square footage (BSF) of 315,684. The transaction took place on 03/24/2022.
Summary of transaction details
- Property Type: Development Site (333 Multifamily Units) ~ BSF: 315,684
- Loan Amount: $24,250,000
- Loan Type: Acquisition
- Lender: romspen''>Romspen
- Landlord: The Latigo Group
- Brokers: Bercut Smith, Charles Halladay, Chad Morgan & Ian Shapiro - JLL
The loan for the property amounting to $24,250,000 was provided by Romspen. The landlord in this transaction is The Latigo Group. The brokers involved in this deal are Bercut Smith, Charles Halladay, Chad Morgan, and Ian Shapiro from JLL.
On the Map
$24,250,000
$76/SF
Development Site
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Players
Thousand Oaks Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93