Alex Massachi Of Massachi Industries Secures $48 Million Construction Loan From Bank Of America For Development Site In West Hollywood
FINANCED
$48,000,000
California
See Similar DealsDevelopment Site130,000 SF
Financed 05/01/2026
FINANCED
Alex Massachi Of Massachi Industries Secures $48 Million Construction Loan From Bank Of America For Development Site In West Hollywood
8025 Santa Monica Boulevard
See Similar DealsDevelopment Site130,000 SF
Financed 05/01/2026
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$369
Total Square Footage:130,000 SF
Transaction Type:Loan
The asset involved is a development site located at 8025 Santa Monica Boulevard in West Hollywood. The total square footage of the site is 130,000. The loan amount secured for this project is $48,000,000, classified as a construction loan, provided by Bank of America.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $48,000,000
- Address: 8025 Santa Monica Boulevard
- Market: West Hollywood
- Lender: Bank of America
- Landlord: Alex Massachi - Massachi Industries
Alex Massachi, founder of Massachi Industries, is leading the development project, which is noted to be the largest housing initiative West Hollywood has encountered in the last decade, according to CoStar data.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$48,000,000.00
Monthly NOI$320,000.00
Monthly Debt Service$303,392.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions