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Latigo Group Secures $59M Loan For Development Site On Thousand Oaks Blvd

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FINANCED
$59,000,000

California

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Development Site139,392 SF
Financed 04/23/2021
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Property Image
FINANCED

Latigo Group Secures $59M Loan For Development Site On Thousand Oaks Blvd

299 E Thousand Oaks Blvd, Thousand Oaks, CA, USA

See Similar Deals
Development Site139,392 SF
Financed 04/23/2021
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Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$423
Total Square Footage:139,392 SF
Transaction Type:Loan

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

4 deals$247M volume
BROKER

Details

FINANCED
IMAGE: Shlomi Ronen DATE: 04/23/2020 ADDRESS: 299 E. Thousand Oaks Blvd MARKET: Thousand Oaks ASSET TYPE: Development site LANDLORD: Scott Wittaker (@ScottLatigoGroup) - The Latigo Group BROKER: Shlomi Ronen - Dekel Capital LOAN AMOUNT: $59,000,000 UNITS: 142 BSF: 139,392

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$59,000,000.00

Monthly NOI$393,333.33
Monthly Debt Service$372,920.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00