Cityview Provides $125M Loan For Mixed-Use Property At 2528 S. Grand Ave. In Los Angeles
2528 S Grand Ave, Los Angeles, CA, USA
$125,000,000
$25,000/SF
Building Size
5,000 SF
Asset Type
Mixed-use
Closing
Dec 10, 2020
AI
The mixed-use property located at 2528 S. Grand Ave. in Los Angeles has been involved in a recent transaction. The loan for this property was provided by cityview''>Cityview, and the loan amount was $125,000,000. The property consists of 296 units and is owned by Adams & Grand.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $125,000,000
- Address: 2528 S. Grand Ave.
- Market: Los Angeles
- Loan Provider: Cityview
- Landlord: Adams & Grand
- Units: 296
Sean Burton and Tony Cardoza represented the interests of the parties involved in this transaction. They successfully facilitated the loan agreement between Cityview and Adams & Grand for the mixed-use property at 2528 S. Grand Ave. in Los Angeles.
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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93