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

Property Image
FINANCED
$27,600,000

California

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Mixed-use131,161 SF
Financed 02/15/2019
the dealplayerscompscontact
Property Image
FINANCED

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

400 South Main Street, Los Angeles, CA, USA

See Similar Deals
Mixed-use131,161 SF
Financed 02/15/2019
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$210
Total Square Footage:131,161 SF
Transaction Type:Loan

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.

Players

Jake Roberts
Coldwell Banker
Jake Roberts
1 deal$27.6M volume
BROKER
Prime Finance
Prime Finance
LENDER
MH
M West Holdings
LANDLORD

Details

FINANCED
IMAGE: Karl Slovin, Sam Kuiumdjian @sam_kuium, Matthew Ellis & Jake Roberts DATE: 02/15/2019 ADDRESS: 400 S Main St. MARKET: DTLA ASSET TYPE: Mixed-Use LENDER: Prime Finance LANDLORD: M West Holdings BROKERS: Jake Roberts - IPA LOAN AMOUNT: $27.6M SF: 131,161

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$27,600,000.00

Monthly NOI$184,000.00
Monthly Debt Service$174,450.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00