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6160 Variel Avenue

Shawn Evenhaim Of Balaciano Group Secures $240 Million Refinance Loan For Development Site In Woodland Hills
FINANCEDDevelopment Site

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

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:

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.

Players

Shawn Evenhaim

Broker

$275.9M

vol

3 deals

Broker
U.S. Bank
U.S. BankLender

Shawn Evenhaim

Balaciano Group

Landlord

$275.9M

vol

3 deals

Landlord

Woodland Hills 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

0.07%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93