Silverhill Funding Provides $1.8M Refinance Loan For Industrial Property In Los Angeles
FINANCED
$1,800,000
California
See Similar DealsIndustrial14,565 SF
Financed 05/30/2022
FINANCED
Silverhill Funding Provides $1.8M Refinance Loan For Industrial Property In Los Angeles
1842 East 58th Place
See Similar DealsIndustrial14,565 SF
Financed 05/30/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$123
Total Square Footage:14,565 SF
Transaction Type:Loan
An industrial property located at 1842 E. 58th Pl. in Los Angeles has recently undergone a loan transaction. The property spans 14,565 square feet and is owned by Carlos & Maria Herrera.
Summary of transaction details:
- Property Type: Industrial
- Loan Amount: $1,800,000
- Loan Type: Refinance
- Loan Terms: 6.375% 30 YEAR FIXED LITE DOC LOAN
- Lender: Silverhill Funding
- Landlord: Carlos & Maria Herrera
- Broker: Merica Mackey - Mac Mortgage Inc.
The loan amount for this transaction is $1,800,000, and it was obtained through Silverhill Funding. The loan type is a refinance, and the terms of the loan include a fixed interest rate of 6.375% over a 30-year period. Merica Mackey from Mac Mortgage Inc. served as the broker for this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,800,000.00
Monthly NOI$12,000.00
Monthly Debt Service$11,377.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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