Updated Mar 11, 2025
Logan Investments Provides $650K Loan For Note At 240 Redwood Highway In Mill Valley
2554 Lincoln Boulevard, Venice, CA 90291
$650,000
$1,300/SF
Building Size
500 SF
Asset Type
Hotel
Closing
May 27, 2020
About this deal
AI
The property involved in this transaction is a Note located at 240 Redwood Highway in Mill Valley. The asset is owned by landlord Harold Hedelman. The loan for this property was provided by Logan Investments, with a loan amount of $650,000. The loan terms include a 1st trust deed for $650K, with an interest rate of 13% for 12 months.
Summary of transaction details
- Property Type: Note
- Transaction Amount: $650,000
- Address: 240 Redwood Highway
- Market: Mill Valley
- Lender: Logan Investments ([email protected])
- Landlord: Harold Hedelman
- Brokers: Ron Sentchuk & Yisroel Solomon
The brokers involved in this deal are Ron Sentchuk and Yisroel Solomon. They represented the buyer and seller in this transaction.
Players
Los Angeles Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
24.40%
Cash-on-Cash
-6.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93