FINANCED
Verus CREF Provides $4.96M Acquisition Loan For Mixed-Use Property In Moorpark
484 East Los Angeles Avenue
Mixed-use
31,661 SF
31,661 SF
Financed 1 year ago
Summary
Loan
CALIFORNIA
Mixed-use
31,661 sqft
The acquisition of a mixed-use property located at 484 East Los Angeles Avenue in Moorpark has been financed through a $4,960,000 loan. The property spans 31,661 square feet and features a combination of residential and commercial units. The loan was provided by Verus CREF, and it was obtained for the purpose of acquiring the property.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,960,000
- Address: 484 East Los Angeles Avenue, Moorpark
- Market: Moorpark
- Asset Size: 31,661 SF
The loan for the acquisition of the 31,661 SF mixed-use property was secured through Verus CREF, serving as the lender. The landlord in this transaction is James Su. The broker involved in the deal is Brandon Harris from BlackBearCapitalPartners. The loan terms include a 2-year non-recourse interest-only loan, which provides 100% future funding for tenant improvements, leasing commissions, and capital expenditures.
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Lenders
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Details
FINANCED
IMAGE: Brandon Harris
DATE: 09/15/2021
ADDRESS: 484 East Los Angeles Avenue
MARKET: Moorpark
ASSET TYPE: Mixed-use ~ SF: 31,661
LENDER: Verus CREF
LANDLORD: James Su
BROKER: Brandon Harris - @BlackBearCapitalPartners
LOAN AMOUNT: $4,960,000
LOAN TYPE: Acquisition
LOAN TERMS: The acquisition of the 31,661 SF mixed-use property was financed via a 2-year non-recourse interest-only loan featuring 100% future funding for TI/LC’s and CapEx.View on map
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Address484 East Los Angeles Avenue
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