FINANCEDDevelopment Site
Parkview Financial Provides $28 Million Loan For Development Site In Woodland Hills, CA
6400 Canoga Avenue, Woodland Hills, California 91367, United States
$28,000,000
$217/SF
Building Size
128,586 SF
Asset Type
Development Site
Closing
Oct 3, 2022
AI
Located at 6400 Canoga Avenue in Woodland Hills, CA, this development site spans 4.7 acres, with a building size of approximately 128,586 square feet.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $28,000,000
- Market: Woodland Hills, CA
- Lender: Parkview Financial - Paul Rahimian
- Landlord: Sandstone Properties
The loan for this transaction, provided by Parkview Financial and facilitated by Paul Rahimian, amounted to $28,000,000.
Note: Additional information regarding this deal is not available.Players
Parkview FinancialLender
SP
Sandstone PropertiesLandlord
Los Angeles 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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93