Updated Mar 11, 2025
Logan Investments Provides $1.5M Loan For Industrial Property In Burbank
2601 Empire Avenue, Burbank, CA, USA
$1,500,000
Building Size
—
Asset Type
Industrial
Closing
Jun 10, 2021
About this deal
AI
A $1,500,000 loan was recently secured for an industrial property located at 2601-2621 W. Empire Ave. in Burbank. The loan terms include an 8% interest rate and a 24-month repayment period. The lender for this transaction is Logan Investments, as represented by Ron Sentchuk from the Logan Investments team.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,500,000
- Address: 2601-2621 W. Empire Ave., Burbank
- Market: Burbank
Ron Sentchuk, from Logan Investments, acted as the broker for this loan transaction. Logan Investments is known for their expertise in facilitating loans for industrial properties in the Burbank market.
On the Map
$1,500,000
Industrial
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Players
Burbank 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93