Updated May 12, 2025
Logan Investments Provides $2.5M Loan For Mixed-Use Property On Ventura Blvd
16300 Ventura Boulevard, Encino, CA, USA
$2,500,000
$43/SF
Building Size
57,234 SF
Asset Type
Mixed-use
Closing
Apr 8, 2020
About this deal
AI
The property asset involved in this transaction is a mixed-use building located at 16300 Ventura Blvd in the Encino market. The loan amount secured for this asset is $2,500,000 with a second trust deed arrangement. The interest rate for this loan is set at 8.5% for a term of 9 months.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,500,000
- Lender: Logan Investments - Ron Logan
- Term: 2nd trust deed
- Interest Rate: 8.5%
- Date of Transaction: 04/08/2021
- Address: 16300 Ventura Blvd
- Market: Encino
This transaction involved Ron Logan from Logan Investments serving as the lender for the loan. The deal highlights the financing mechanism utilized in real estate transactions, particularly in a mixed-use property within the Encino region.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93