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400 South Main Street, Los ...

Updated Oct 29, 2024

Bilt advertisement
Prime Finance Provides $27.6M Loan For Mixed-Use Property On 400 S Main St DTLA
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

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

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

Jake Roberts

Coldwell Banker

Broker

$27.6M

vol

1 deal

Broker
Prime Finance
Prime FinanceLender

Los Angeles Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Deal FAQ

About $210 per square foot on a published $27.6M for 131,161 square feet (2019).

Visit Coldwell Banker to view all their deals.

Browse California mixed use loans on Traded.

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

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