MetLife Provides $300M Refinance Loan For Mixed-use Property On Ventura Blvd
FINANCED
$300,000,000
California
See Similar DealsMixed-use600,000 SF
Financed 02/22/2022
FINANCED
MetLife Provides $300M Refinance Loan For Mixed-use Property On Ventura Blvd
15301 Ventura Boulevard, Sherman Oaks, California 91403, United States
See Similar DealsMixed-use600,000 SF
Financed 02/22/2022
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$500
Total Square Footage:600,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$300,000,000.00
Monthly NOI$2,000,000.00
Monthly Debt Service$1,896,204.07
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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