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2528 S Grand Ave, Los Angel...

Cityview Provides $125M Loan For Mixed-Use Property At 2528 S. Grand Ave. In Los Angeles
FINANCEDMixed-use

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

Cityview
CityviewLender

Los Angeles Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

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