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299 E Thousand Oaks Blvd, T...

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

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

Shlomi Ronen

Broker

$247M

vol

4 deals

Broker
Scott Whittaker

Scott Whittaker

The Latigo Group

Landlord

$627.4M

vol

9 deals

Landlord

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