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First Citizens Bank Provides $26.5 Million Refinance Loan For Industrial Asset In Culver City

Property Image
FINANCED
$26,500,000
Andrew Cohen
Max Herzog
+ 1

California

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Industrial76,755 SF
Financed 03/04/2025
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Property Image
FINANCED

First Citizens Bank Provides $26.5 Million Refinance Loan For Industrial Asset In Culver City

8631 Hayden Place

See Similar Deals
Industrial76,755 SF
Financed 03/04/2025
Andrew Cohen
Max Herzog
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$345
Total Square Footage:76,755 SF
Transaction Type:Loan

The property asset involved is an industrial space located at 8631 Hayden Place in Culver City, CA. The asset encompasses a total of 76,755 square feet and was involved in a refinancing transaction of $26,500,000.

Summary of transaction details:

The deal was facilitated by advisors from Institutional Property Advisors, consisting of Max Hulsh, Max Herzog, Marko Kazanjian, and Andrew Cohen, highlighting their roles in managing the refinancing process for the asset.

Players

Marko Kazanjian
71 deals$5.4B volume
BROKER

Max Herzog
Institutional Property Advisors
80 deals$5.4B volume(212) 430-5165
BROKER

Andrew Cohen
Institutional Property Advisors
43 deals$3B volume
BROKER

Maxwell (Max) Hulsh
Institutional Property Advisors
32 deals$2.8B volume(646) 549-3692
BROKER

First Citizens Bank
LENDER

Details

FINANCED
IMAGE: Marko Kazanjian, Max Hulsh, Max Herzog & Andrew Cohen DATE: 03/14/2025 ADDRESS: 8631 Hayden Place MARKET: Culver City, CA ASSET TYPE: Industrial ~ SF: 76,755 LENDER: First Citizens Bank ADVISORS: Max Hulsh (@MaxHulsh), Max Herzog, Marko Kazanjian (@MarkoKaz) & Andrew Cohen (@The_Andrew_Cohen) - Institutional Property Advisors (IPA) LOAN AMOUNT: $26,500,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$26,500,000.00

Monthly NOI$176,666.67
Monthly Debt Service$167,498.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00