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Calmwater Capital Provides $32.25M Construction Loan For Mixed-Use Property In San Gabriel

Property Image
FINANCED
$32,250,000

California

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Mixed-use70,986 SF
Financed 01/12/2024
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Property Image
FINANCED

Calmwater Capital Provides $32.25M Construction Loan For Mixed-Use Property In San Gabriel

101 East Valley Boulevard

See Similar Deals
Mixed-use70,986 SF
Financed 01/12/2024
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Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$454
Total Square Footage:70,986 SF
Transaction Type:Loan

The mixed-use property located at 101 East Valley Boulevard in San Gabriel has been involved in a recent closed transaction. Spanning a total area of 70,986 square feet, this property offers a diverse range of usage possibilities. The transaction involved a loan, with a loan amount of $32,250,000, provided by Zach Novatt, DaJuan Bennett, and Larry Grantham from Calmwater Capital.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $32,250,000
  • Address: 101 East Valley Boulevard, San Gabriel
  • Market: San Gabriel

The transaction was facilitated by Zalmi Klyne and Karl Weidell from NorthMarq, who acted as the brokers for the deal. The property was owned by GE Development, Inc., who served as the landlord in this transaction.

Players

Zalmi Klyne
9 deals$184.5M volume
BROKER

Karl Weidell
NorthMarq
6 deals$128.3M volume(424) 422-0908
BROKER

Calmwater Capital
LENDER

Details

FINANCED
IMAGE: Zalmi Klyne, Karl Weidell, Zach Novatt, DaJuan Bennett & Larry Grantham DATE: 01/12/2024 ADDRESS: 101 East Valley Boulevard MARKET: San Gabriel ASSET TYPE: Mixed-use ~ SF: 70,986 LENDER: Zach Novatt (@ZNovatt), DaJuan Bennett & Larry Grantham - Calmwater Capital (@CalmwaterCapital) LANDLORD: GE Development, Inc. BROKER: Zalmi Klyne & Karl Weidell (@KarlWeidell) - NorthMarq (@Northmarq) LOAN AMOUNT: $32,250,000 LOAN TYPE: Construction Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$32,250,000.00

Monthly NOI$215,000.00
Monthly Debt Service$203,841.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00