Updated Feb 16, 2024
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
About this deal
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.
The mixed use loan at 15301 Ventura Boulevard, Sherman Oaks, California 91403, United States in Los Angeles, California financed for $300M in 2022. The building is 600,000 square feet, implying about 500 per square foot on the published price. Named participants on the 15301 Ventura Boulevard, Sherman Oaks, California 91403, United States loan are Douglas Emmett. This page is the Los Angeles, California file for the 15301 Ventura Boulevard, Sherman Oaks, California 91403, United States mixed use financed: pricing, party profiles, and other closed mixed use comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles mixed use set by closing date to see what else financed near 15301 Ventura Boulevard, Sherman Oaks, California 91403, United States around 2022. Published consideration for 15301 Ventura Boulevard, Sherman Oaks, California 91403, United States is $300M, dated 2022. Cite this MetLife Provides $300M Refinance Loan For Mixed-use Property On Ventura Blvd loan when underwriting similar mixed use product around Los Angeles, California.
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