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645 North Robertson Boulevard

Zachary Streit Secures $35M Refinance Loan For Mixed-use Property In West Hollywood
FINANCEDMixed-use

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

Zachary Streit

Priority Capital Advisory

Broker

$1.1B

vol

26 deals

Broker
Centennial Bank
Centennial BankLender

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