Zachary Streit Secures $35M Refinance Loan For Mixed-use Property In West Hollywood
645 North Robertson Boulevard & 681 North Robertson Boulevard
$35,000,000
$43/SF
Building Size
800,000 SF
Asset Type
Mixed-use
Closing
May 15, 2024
AI
The mixed-use property located at 645-681 North Robertson Boulevard in West Hollywood, CA, spans 400,000 square feet. The property was refinanced for $35,000,000 by Centennial Bank, with Faring as the landlord and Zachary Streit of Priority Capital Advisory serving as the broker in the deal.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $35,000,000
- Address: 645-681 North Robertson Boulevard
- Market: West Hollywood, CA
- Lender: Centennial Bank
- Landlord: Faring
- Broker: Zachary Streit - Priority Capital Advisory
- Loan Type: Refinance
Zachary Streit of Priority Capital Advisory represented the parties involved in the refinancing deal, showcasing his expertise in facilitating the transaction between the borrower and the lender. This successful refinance was a strategic move for the property, ensuring continued financial stability and growth under the guidance of the skilled professionals involved in the process.
Players
West Hollywood 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93