Continental Partners Provides $6.2M Bridge Loan For Development Site On Beverly Blvd
7901 Beverly Boulevard
$6,200,000
$214/SF
Building Size
28,912 SF
Asset Type
Development Site
Closing
Sep 12, 2022
AI
The asset involved in the transaction is a development site located at 7901 Beverly Blvd in the Los Angeles market. The asset has a building square footage of 28,912 and a total lot size of 85,410 square feet.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $6,200,000
- Loan Type: Bridge
- Loan Terms: Rate - 6.90%, Term - 12 Months, Amortization - Interest Only, Pre-Pay - None
- Lender: Continental Partners
- Lender's Representatives: Andrew Sawyer & Chase Calderon
- Landlord: B&F Associates
Key individuals in the deal include Andrew Sawyer and Chase Calderon, representing Continental Partners as the lender. The transaction reflects the engagement of B&F Associates as the landlord, highlighting the involvement of these parties in this loan agreement.
Players
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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93