MetLife Provides $300M Refinance Loan For Mixed-use Property On Ventura Blvd
15301 Ventura Boulevard, Sherman Oaks, California 91403, United States
$300,000,000
$500/SF
Building Size
600,000 SF
Asset Type
Mixed-use
Closing
Feb 21, 2022
AI
15301 Ventura Blvd. in Sherman Oaks has recently undergone a successful transaction. The property is a mixed-use asset with a size of approximately 600,000 square feet.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $300,000,000
- Market: Sherman Oaks
- Address: 15301 Ventura Blvd.
- Lender: MetLife
- Landlord: Douglas Emmett - Jordan Kaplan
The loan provided for this transaction is a refinance loan. Jordan Kaplan from Douglas Emmett represented the landlord in this deal.
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
0.05%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93