Updated Aug 18, 2026
Shawn Evenhaim Of Balaciano Group Secures $240 Million Refinance Loan For Development Site In Woodland Hills
6160 Variel Avenue & 21050 Erwin Street
$240,000,000
Building Size
—
Asset Type
Development Site
Closing
Aug 14, 2026
About this deal
AI
6160 Variel Avenue & 21050 Erwin Street is a development site located in Woodland Hills, CA. The property is involved in a refinance loan transaction amounting to $240,000,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $240,000,000
- Lender: Morgan Stanley& U.S. Bank
- Landlord: Shawn Evenhaim - Balaciano Group
- Loan Type: Refinance
- Date: 08/14/2026
This transaction involves key figures, with Shawn Evenhaim representing the landlord through the Balaciano Group. The deal showcases the financial involvement of established lenders in the market.
On the Map
$240,000,000
Development Site
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Players
Woodland Hills 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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93