Updated Oct 28, 2024
Westbrook Partners Provides $61.5M Refinance Loan For Mixed-Use Property In Boyle Heights
2200 Trojan Way, Los Angeles, CA, USA
$61,500,000
$780/SF
Building Size
78,844 SF
Asset Type
Mixed-use
Closing
Oct 12, 2021
About this deal
AI
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
Pomona 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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93