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Bandon Capital Advisors Refinances Golf Course In La Cañada Flintridge For $2M

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FINANCED
$2,000,000

California

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Land26,043 SF
Financed 10/20/2023
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Property Image
FINANCED

Bandon Capital Advisors Refinances Golf Course In La Cañada Flintridge For $2M

5500 Godbey Drive

See Similar Deals
Land26,043 SF
Financed 10/20/2023
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Summary

CALIFORNIA
Asset Type:Land
Price Per Square Foot:$76
Total Square Footage:26,043 SF
Transaction Type:Loan

The asset involved in this transaction is a golf course located at 5500 Godbey Drive in La Cañada Flintridge, featuring a total square footage of 26,043. The loan amount for the property is $2,000,000, and this transaction is classified as a refinance with fixed loan terms of 7.375%, structured over a 5+5 year term with a 25-year amortization period.

Summary of transaction details:

  • Property Type: Golf Course
  • Transaction Amount: $2,000,000
  • Lender: Correspondent Lender - Bandon Capital Advisors, Inc. - Kamron F. Aghevli
  • Landlord: Evelyn Dreyfuss
  • Loan Type: Refinance
  • Loan Terms: 7.375% Fixed; 5+5 Year Term; 25 Year Amortization

Kamron F. Aghevli represents Bandon Capital Advisors, Inc. in the lending aspect of this refinance deal, while the landlord, Evelyn Dreyfuss, is involved in the ownership of the golf course asset. This arrangement highlights the key roles of the individuals and firms participating in this financial transaction.

Players

Kamron F. Aghevli
9 deals$106M volume
LENDER

Bandon Capital Advisors
LENDER

Details

FINANCED
IMAGE: Kamron F. Aghevli DATE: 10/20/2023 ADDRESS: 5500 Godbey Drive MARKET: La Cañada Flintridge ASSET TYPE: Golf Course ~ SF: 26,043 LENDER: Correspondent Lender - Bandon Capital Advisors, Inc. - Kamron F. Aghevli (@Kamron.Aghevli) LANDLORD: Evelyn Dreyfuss LOAN AMOUNT: $2,000,000 LOAN TYPE: Refinance LOAN TERMS: 7.375% Fixed; 5+5 Year Term; 25 Year Amortization

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,000,000.00

Monthly NOI$13,333.33
Monthly Debt Service$12,641.36
Change in Cash Flow$0.00
Refinance Proceeds$0.00