Updated Mar 27, 2025
$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
About this deal
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:
- Property Type: Land
- Transaction Amount: $14,100,000.00
- Address: 940 S Hill St
- Market: Los Angeles
- Brokers: Joe Bolognese, Trevor Damyan (CLS | CRE)
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
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