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940 S Hill St

$14.1 Million Loan Secured For Land At 940 S Hill St Los Angeles
FINANCEDLand

$14.1 Million Loan Secured For Land At 940 S Hill St Los Angeles

940 S Hill St

$14,100,000

$427/SF

Building Size

33,000 SF

Asset Type

Land

Closing

Nov 9, 2020

AI

The property asset involved in this transaction is a piece of land located at 940 S Hill St in the Los Angeles market. The loan amount secured for this asset is $14,100,000.00.

Summary of transaction details:

The deal involved notable individuals including Joe Bolognese and Trevor Damyan, who represented the transaction. Their roles as brokers facilitated the dealings of this property, contributing to the finalization of the loan agreement.

Players

Joe Bolognese

Broker

$229.5M

vol

19 deals

Broker
HC
Hankey Investment CompanyLender

Los Angeles Land Market Snapshot

Boundary boundary · Land · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93