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Cathay Provides $64.9M Loan For Beverly Hills Office Portfolio

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FINANCED
$64,900,000
Rob Hannan
Laura Stumm
+ 6

California

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Mixed-use297,350 SF
Financed 10/19/2020
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Property Image
FINANCED

Cathay Provides $64.9M Loan For Beverly Hills Office Portfolio

139 S Beverly Dr, Beverly Hills, CA 90212, Estados Unidos

See Similar Deals
Mixed-use297,350 SF
Financed 10/19/2020
Rob Hannan
Laura Stumm
+ 6
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$218
Total Square Footage:297,350 SF
Transaction Type:Loan

The recent closed property transaction in Beverly Hills involved three office properties located at 139 S Beverly, 415 N Camden, and 152 S Lasky. The transaction took place on October 19, 2020.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $64,900,000

The loan for this transaction was provided by Cathay. The brokers who facilitated the transaction were Marc Schillinger, Eric Boucher, and Keith Rosso from JLL. Their expertise and efforts contributed to the successful completion of this multi-faceted deal.

Note from the brokers: We're extremely pleased to have participated in the successful multi-faceted process, despite...

Players

Jay Luchs
43 deals$2B volume(310) 407-6585
BROKER

Keith Rosso
Berkadia
8 deals$486.8M volume(310) 209-3207
BROKER

Ken White
Newmark
96 deals$6.1B volume
BROKER

Laura Stumm
Newmark
44 deals$3B volume
BROKER

Eric Boucher
JLL
3 deals$267.5M volume
BROKER

Marc Schillinger
JLL
49 deals$2.2B volume
BROKER

Rob Hannan
Newmark
46 deals$3.3B volume
BROKER

Kevin Shannon
Newmark
136 deals$9.1B volume
BROKER

Sean Fulp
Colliers
55 deals$1.9B volume
BROKER

Details

FINANCED
IMAGE: Marc Schillinger, Eric Boucher, Keith Rosso DATE: 10/19/2020 ADDRESSES: 139 S Beverly, 415 N Camden, 152 S Lasky MARKET: Beverly Hills ASSET TYPE: Office LOAN AMONT: $64,900,000 LENDER: Cathay BROKERS: Marc Schillinger, Eric Boucher, Keith Rosso – JLL NOTE FROM BROKER: We’re extremely pleased to have participated in the successful multi-faceted process, despite […]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$64,900,000.00

Monthly NOI$432,666.67
Monthly Debt Service$410,212.15
Change in Cash Flow$0.00
Refinance Proceeds$0.00