facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Land

/

Loan

/

5500 Godbey Drive

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

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

5500 Godbey Drive

$2,000,000

$76/SF

Building Size

26,043 SF

Asset Type

Land

Closing

Oct 20, 2023

AI

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

Bandon Capital Advisors

Lender

$106M

vol

9 deals

Lender
Bandon Capital Advisors
Bandon Capital AdvisorsLender

La Canada Flintridge Land Market Snapshot

Boundary boundary · Land · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93