$14.1 Million Loan Secured For Land At 940 S Hill St Los Angeles
FINANCED
$14,100,000
California
See Similar DealsLand33,000 SF
Financed 11/09/2020
FINANCED
$14.1 Million Loan Secured For Land At 940 S Hill St Los Angeles
940 S Hill St
See Similar DealsLand33,000 SF
Financed 11/09/2020
Summary
CALIFORNIA
Asset Type:Land
Price Per Square Foot:$427
Total Square Footage:33,000 SF
Lot Square Footage:35086 SF
Transaction Type:Loan
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
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,100,000.00
Monthly NOI$94,000.00
Monthly Debt Service$89,121.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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