Updated Oct 28, 2024
Thorofare Capital Provides $34.1M Short-Term Acquisition Loan For Culver City Mixed-Use Property
11111 Jefferson Boulevard, Culver City, CA 90230, USA
$34,100,000
$148,260/SF
Building Size
230 SF
Asset Type
Mixed-use
Closing
Nov 29, 2021
About this deal
AI
The mixed-use property located at 11111 Jefferson Boulevard in Culver City has been involved in a recent transaction. The property spans over 3.43 acres and consists of 230 units. The transaction took place on 11/29/2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $34,100,000
- Market: Culver City
- Units: 230
- Acres: 3.43
Thorofare Capital, represented by David Perlman, provided a loan of $34,100,000 for the acquisition of the property. The loan terms are short-term and pre-development. The property is owned by The John Buck Company and 3MR Capital.
Players
Culver City Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Browse California mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93