Chase Calderon & Andrew Sawyer Secure $9.1M Construction Loan For Development Site On Beverly Boulevard In Los Angeles
7901 Beverly Blvd Los Angeles, CA 90048, USA
$9,100,000
Building Size
—
Asset Type
Development Site
Closing
Aug 31, 2023
AI
A construction loan of $9,100,000 has been secured for a development site located at 7901 Beverly Boulevard in Los Angeles. The property is owned by B & F Associates and the loan is being facilitated by Chase Calderon from Slatt Capital and Andrew Sawyer from Piccard Financial.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $9,100,000
- Address: 7901 Beverly Boulevard, Los Angeles
- Market: Los Angeles
- Landlord: B & F Associates
- Lender's Rep: Chase Calderon - Slatt Capital; Andrew Sawyer - Piccard Financial
- Loan Type: Construction Loan
Chase Calderon from Slatt Capital and Andrew Sawyer from Piccard Financial are the key individuals representing the lender in this transaction. They have successfully secured a construction loan of $9,100,000 for the development site located at 7901 Beverly Boulevard in Los Angeles, owned by B & F Associates.
Players
Market 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
1.74%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93