Latigo Group Secures $59M Loan For Development Site On Thousand Oaks Blvd
299 E Thousand Oaks Blvd, Thousand Oaks, CA, USA
$59,000,000
$423/SF
Building Size
139,392 SF
Asset Type
Development Site
Closing
Apr 22, 2021
AI
The development site located at 299 E. Thousand Oaks Blvd in Thousand Oaks was involved in a loan transaction on 04/23/2020. The property, owned by Scott Wittaker of The Latigo Group, was part of a deal facilitated by Shlomi Ronen of Dekel Capital. The loan amount for this asset was $59,000,000, with a total of 142 units and a building square footage of 139,392.
Summary of transation details:
- Property Type: Development site
- Transaction Amount: $59,000,000
- Units: 142
- Building Square Footage: 139,392
- Address: 299 E. Thousand Oaks Blvd
- Market: Thousand Oaks
Shlomi Ronen from Dekel Capital represented the parties in this loan transaction, showcasing his expertise in handling such significant deals in the real estate market.
Players
Thousand Oaks 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93