First Citizens Bank Provides $26.5 Million Refinance Loan For Industrial Asset In Culver City
FINANCED
California
See Similar DealsIndustrial76,755 SF
Financed 03/04/2025
FINANCED
First Citizens Bank Provides $26.5 Million Refinance Loan For Industrial Asset In Culver City
8631 Hayden Place
See Similar DealsIndustrial76,755 SF
Financed 03/04/2025
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:
- Property Type: Industrial
- Transaction Amount: $26,500,000
- Address: 8631 Hayden Place
- Market: Culver City, CA
- Lender: First Citizens Bank
- Loan Type: Refinance
- Advisors: Max Hulsh, Max Herzog, Marko Kazanjian & Andrew Cohen - Institutional Property Advisors (IPA)
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
LENDER
Details
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Deal Type
30 years
10 years
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
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