Updated Sep 15, 2025
Tameer Orevi Provides $1.35M Bridge Loan For Development Site At 540 North Flores St. In West Hollywood
540 N Flores St West Hollywood, CA 90048, USA
$1,350,000
$168/SF
Building Size
8,000 SF
Asset Type
Development Site
Closing
Aug 8, 2023
About this deal
AI
A development site located at 540 North Flores Street in West Hollywood has been involved in a loan transaction. The property, with a buildable square footage (BSF) of 8,000, is the subject of this loan deal.
Summary of transaction details
- Property Type: Development Site
- Address: 540 North Flores Street
- Market: West Hollywood
The loan for this property has been provided by Tameer Orevi - IceCap Group to Rachel Ishakov, the landlord. The loan amount is $1,350,000, and it is categorized as a bridge loan.
The loan terms include a 75% loan-to-value ratio (LTV), with an interest rate of 8.99% on an interest-only basis. The loan is set to mature in 24 months.
Players
West Hollywood 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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93