Updated Oct 29, 2024
Prime Finance Provides $27.6M Loan For Mixed-Use Property On 400 S Main St DTLA
400 South Main Street, Los Angeles, CA, USA
$27,600,000
$210/SF
Building Size
131,161 SF
Asset Type
Mixed-use
Closing
Feb 14, 2019
About this deal
AI
The mixed-use property located at 400 S Main St. in DTLA has been involved in a closed transaction. The property spans 131,161 square feet.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $27.6M
- Lender: Prime Finance
- Landlord: M West Holdings
- Broker: Jake Roberts - IPA
Jake Roberts from IPA represented the parties involved in the deal. No further information regarding the transaction is available.
The mixed use loan at 400 South Main Street, Los Angeles, CA, USA in Los Angeles, California financed for $27.6M in 2019. The building is 131,161 square feet, implying about 210 per square foot on the published price. Jake Roberts, Coldwell Banker appear on the loan alongside Coldwell Banker. This page is the Los Angeles, California file for the 400 South Main Street, Los Angeles, CA, USA mixed use financed: pricing, party profiles, and other closed mixed use comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles mixed use set by closing date to see what else financed near 400 South Main Street, Los Angeles, CA, USA around 2019. Published consideration for 400 South Main Street, Los Angeles, CA, USA is $27.6M, dated 2019. Cite this Prime Finance Provides $27.6M Loan For Mixed-Use Property On 400 S Main St DTLA loan when underwriting similar mixed use product around Los Angeles, California.
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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93