Updated Feb 16, 2024
A&S Capital Provides $12.5M Refinance Loan For Mixed-use Property In Downtown Los Angeles
1317 South Hope Street, Los Angeles, California 90015, United States
$12,500,000
$312/SF
Building Size
40,000 SF
Asset Type
Mixed-use
Closing
Feb 22, 2022
About this deal
AI
A mixed-use property located at 1317 S. Hope St. in Downtown Los Angeles has recently undergone a refinance loan transaction. The property spans approximately 40,000 square feet and is situated in a vibrant market.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $12,500,000
- Market: Downtown Los Angeles
- Loan Type: Refinance Loan
Acting as the lender for this transaction, A & S Capital provided the refinance loan for the property. Meanwhile, the landlord of the property, Aram Bagramyan, facilitated the deal. Martin Bedecarratz of A & S Capital served as the broker representing the parties involved in this transaction.
Players
Los Angeles Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93