Updated Mar 11, 2025
Parkview.Financial Provides $37.3M Loan For Development Site In Silver Lake
2965 Allesandro Street, Silver Lake, Los Angeles, CA, USA
$37,300,000
$367/SF
Building Size
101,494 SF
Asset Type
Development Site
Closing
Nov 2, 2020
About this deal
AI
A development site located at 2908-2965 Allesandro Street in Silver Lake, was recently involved in a closed property transaction. The property is situated in a prime location in the Silver Lake market and offers great potential for development.
Summary of Transaction Details:
- Property Type: Development Site
- Loan Amount: $37,300,000
- Building Square Footage: 101,494
- Lender: Parkview Financial (represented by Paul Rahimian)
- Landlord: Mark O. Baatz of Baatz Enterprises
Parkview Financial, represented by Paul Rahimian, provided a loan of $37,300,000 for the development site on Allesandro Street. Mark O. Baatz, the landlord and owner of Baatz Enterprises, was involved in the transaction as well. With this loan, the development site has the potential to undergo significant growth and development in the future.
On the Map
$37,300,000
$367/SF
Development Site
View full map
Players
Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Deal FAQ
Browse California development site loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93