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Hakim Holdings Refinances Mixed-Use Property At 6535 Melrose Ave With $14M Loan From Amalgamated Bank

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Timothy "Tim" CoxJonathan AghraviEvan Srebrenik

$14,000,000

FINANCED
$14,000,000

California

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Mixed-use39,114 SF
Financed 09/12/2022
the dealplayerscompscontact
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Timothy "Tim" CoxJonathan AghraviEvan Srebrenik

$14,000,000

FINANCED

Hakim Holdings Refinances Mixed-Use Property At 6535 Melrose Ave With $14M Loan From Amalgamated Bank

6535 Melrose Avenue, Los Angeles, California 90038, United States

See Similar Deals
Mixed-use39,114 SF
Financed 09/12/2022
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$357
Total Square Footage:39,114 SF
Transaction Type:Loan

The property asset involved in this transaction is a mixed-use building located at 6535 Melrose Ave in the West Hollywood market of Los Angeles. The asset encompasses a total square footage of 39,114 and is associated with a loan amount of $14,000,000, which is a refinance loan with terms spanning 10 years at an interest rate of 4.22%, structured as full-term interest only.

Summary of transaction details:

The key individuals involved in this transaction include brokers Jonathan Aghravi, Tim Cox, and Evan Srebrenik, who represent JBA Equities LLC in this deal. The lender, Amalgamated Bank, provides the financial backing for the transaction, while the landlord of the property is Hakim Holdings.

Players

Jonathan Aghravi
48 deals$1.6B volume(212) 366-0364
BROKER

Timothy "Tim" Cox
JBA Equities
15 deals$456M volume
BROKER

Evan Srebrenik
JBA Equities
9 deals$118.9M volume(305) 978-2029
BROKER

Amalgamated Bank
LENDER

Details

FINANCED
IMAGE: Tim Cox, Jonathan Aghravi & Evan Srebrenik DATE: 09/13/2022 ADDRESS: 6535 Melrose Ave MARKET: West Hollywood, Los Angeles ASSET TYPE: Mixed-use ~ SF: 39,114 LENDER: Amalgamated Bank (@Amalgamated_Bank) LANDLORD: Hakim Holdings BROKERS: Jonathan Aghravi (@JonnyAghravi), Tim Cox (@TimmyCox22) & Evan Srebrenik - JBA Equities LLC (@JBAEquitiesLLC) LOAN AMOUNT: $14,000,000 LOAN TYPE: Refinance LOAN TERMS: 10 years @ 4.22%, Full-Term Interest Only

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$14,000,000.00

Monthly NOI$93,333.33
Monthly Debt Service$88,489.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00