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2040 Rosecrans Avenue

FINANCEDIndustrial

Meridian Capital Group Refinances $4.65M Loan For 7 Property Industrial Portfolio In Gardena, CA

2040 Rosecrans Avenue & 2144 West Rosecrans Avenue

$4,650,000

Building Size

Asset Type

Industrial

Closing

Dec 4, 2023

AI

A 7 Property Industrial Portfolio located at 2040 - 2144 W Rosecrans Ave in Gardena, CA has recently undergone a loan refinancing. The loan amount was $4,650,000 with a 5-year fixed term at an interest rate of 6.69% and a 30-year amortization schedule. The loan also included a highly attractive prepayment penalty clause.

Summary of transaction details:

  • Property Type: 7 Property Industrial Portfolio
  • Transaction Amount: $4,650,000
  • Loan Type: Refinance
  • Loan Terms: 5 Years Fixed at 6.69%, 30 Year Amortization, Highly Attractive Prepayment Penalty

The refinancing deal for the 7 Property Industrial Portfolio was facilitated by Meridian Capital Group. The brokers involved in the transaction were Don Aynesazan, David Oheb, and Max Jacobson from Meridian Capital Group. For more information on how Meridian can assist with portfolio financing, interested parties can contact Don Aynesazan at 213-663-3382 or [email protected], and David Oheb at 212-612-0193 or [email protected].

Players

David Oheb
Verified Badge

David Oheb

Meridian Capital Group

Broker

$863.7M

vol

78 deals

Broker

Gardena Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.41%

Cash-on-Cash

-0.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93