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4607 Crenshaw Boulevard

Martin Muoto Of SoLa Impact Secures $29 Million Loan For Crenshaw Lofts Development In Los Angeles
FINANCEDDevelopment Site

Martin Muoto Of SoLa Impact Secures $29 Million Loan For Crenshaw Lofts Development In Los Angeles

4607 Crenshaw Boulevard

$29,000,000

Building Size

Asset Type

Development Site

Closing

Apr 11, 2025

AI

The property asset involved is a development site located at 4607 Crenshaw Boulevard in Los Angeles. The asset is included in a larger commercial initiative known as Crenshaw Lofts, comprising a 190-unit mixed-use project in South LA. The loan amount secured for this project is $29,000,000, designated particularly for the commercial portion.

Summary of transaction details:

Key individuals and companies involved in this transaction include Martin Muoto, representing SoLa Impact, who is managing the development site. The funding is aimed at constructing a Live Nation-backed tech training center and a nonprofit culinary café intended for workforce development and healthy food access, marking a significant effort in community enhancement.

Players

Valley National Bank
Valley National BankLender

Los Angeles Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.55%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93