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7901 Beverly Boulevard

Continental Partners Provides $6.2M Bridge Loan For Development Site On Beverly Blvd
FINANCEDDevelopment Site

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

Continental Partners
Continental PartnersBrokerage
Continental Partners
Continental PartnersLender

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

2.56%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93