FINANCEDMixed-use
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
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.
Players
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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93