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

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FINANCED
$35,000,000

California

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Mixed-use800,000 SF
Financed 05/15/2024
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Property Image
FINANCED

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

645 North Robertson Boulevard & 681 North Robertson Boulevard

See Similar Deals
Mixed-use800,000 SF
Financed 05/15/2024
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$43
Total Square Footage:800,000 SF
Transaction Type:Loan

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 (Zack) Streit
29 deals$957.8M volume
BROKER

Centennial Bank
LENDER

Details

FINANCED
IMAGE: Zachary Streit DATE: 05/15/2024 ADDRESS: 645-681 North Robertson Boulevard MARKET: West Hollywood, CA ASSET TYPE: Mixed-use ~ SF: 400,000 LENDER: Centennial Bank (@my100bank) LANDLORD: Faring BROKER: Zachary Streit (@ZackdStreit) - Priority Capital Advisory LOAN AMOUNT: $35,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$35,000,000.00

Monthly NOI$233,333.33
Monthly Debt Service$221,223.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00