Updated Sep 9, 2024
Meridian Capital Group Secures $2.2M Purchase Loan For Industrial Property In Paramount, CA
7001 Jackson St, Paramount, Ca
$2,200,000
$2,200,000/SF
Building Size
1 SF
Asset Type
Industrial
Closing
Mar 16, 2023
About this deal
AI
Located at 7001 Jackson St in Paramount, CA, this industrial property was recently involved in a loan transaction. The deal was facilitated by the team at Meridian Capital Group, including brokers Matt Buggenhagen, Jason Labriola, and Anthony Colicino.
Summary of transaction details:
- Property Type: Industrial
- Loan Amount: $2,200,000
- Loan Type: Purchase
- Loan Terms: 5-year term, 5.64% Rate, 78% LTV
The loan for this industrial property was valued at $2,200,000. The terms of the loan included a 5-year term, a 5.64% interest rate, and a 78% loan-to-value ratio. The property, located in Paramount, CA, offers an excellent opportunity for investment in the industrial market.
Players
Paramount 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93