Updated Oct 28, 2024
Progress Capital Arranges $1.6M Refinancing On Mixed-use Property In West Hollywood
7722 Santa Monica Boulevard
$1,622,500
$451/SF
Building Size
3,593 SF
Asset Type
Mixed-use
Closing
Dec 8, 2021
About this deal
AI
A mixed-use property located at 7722 Santa Monica Blvd. in West Hollywood recently underwent a refinancing transaction. The property, spanning approximately 3,593 square feet, was involved in the deal.
Summary of transaction details
- Property Type: Mixed-use
- Loan Amount: $1,622,500
- Loan Type: Refinance
- Lender: Commerce West Bank
- Broker: John Libretti - Progress Capital
John Libretti of Progress Capital represented the parties involved in the transaction as the broker. He played a crucial role in facilitating the refinancing of the property.
The mixed use loan at 7722 Santa Monica Boulevard in West Hollywood, California financed for $1.6M in 2021. The building is 3,593 square feet, implying about 451 per square foot on the published price. John Libretti, Progress Capital appear on the loan alongside Progress Capital. This page is the West Hollywood, California file for the 7722 Santa Monica Boulevard mixed use financed: pricing, party profiles, and other closed mixed use comps from the same West Hollywood sit in the Market section below. Filter that West Hollywood mixed use set by closing date to see what else financed near 7722 Santa Monica Boulevard around 2021. Published consideration for 7722 Santa Monica Boulevard is $1.6M, dated 2021. Cite this Progress Capital Arranges $1.6M Refinancing On Mixed-use Property In West Hollywood loan when underwriting similar mixed use product around West Hollywood, California.
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
9.78%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93