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Westbrook Partners Provides $61.5M Refinance Loan For Mixed-Use Property In Boyle Heights

Property Image
FINANCED
$61,500,000

California

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Mixed-use78,844 SF
Financed 10/12/2021
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Property Image
FINANCED

Westbrook Partners Provides $61.5M Refinance Loan For Mixed-Use Property In Boyle Heights

2200 Trojan Way, Los Angeles, CA, USA

See Similar Deals
Mixed-use78,844 SF
Financed 10/12/2021
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$780
Total Square Footage:78,844 SF
Transaction Type:Loan

The mixed-use property located at 2200 Trojan Way in Boyle Heights has undergone a significant transaction. The loan for the property was refinanced for an amount of $61,500,000. The deal involved a total of 200 keys. The property is owned by The Mayer Corporation and the lender for this transaction was Westbrook Partners.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $61,500,000
  • Address: 2200 Trojan Way
  • Market: Boyle Heights

The brokers Mark Owens and Olga Lepow from CBRE represented the parties involved in this transaction. They played a crucial role in facilitating the deal between the landlord, The Mayer Corporation, and the lender, Westbrook Partners.

With this refinancing loan, the mixed-use property at 2200 Trojan Way in Boyle Heights has solidified its financial standing. The involvement of Mark Owens and Olga Lepow from CBRE showcases their expertise and ability to navigate complex real estate transactions on behalf of their clients.

Players

Mark Owens
2 deals$246.5M volume
BROKER

Olga Lepow
CBRE
1 deal$61.5M volume
BROKER

Westbrook Partners
LENDER

Details

FINANCED
IMAGE: Mark Owens & Olga Lepow DATE: 10/12/2021 ADDRESS: 2200 Trojan Way MARKET: Boyle Heights ASSET TYPE: Mixed-use LENDER: Westbrook Partners LANDLORD: The Mayer Corporation BROKERS: Mark Owens & Olga Lepow - CBRE LOAN AMOUNT: $61,500,000 KEYS: 200 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$61,500,000.00

Monthly NOI$410,000.00
Monthly Debt Service$388,721.83
Change in Cash Flow$0.00
Refinance Proceeds$0.00