Updated Oct 28, 2024
Bridge Housing Corp. Secures $72.4M Loan For Mixed-Use Property In South Los Angeles
8400 South Vermont Avenue, Los Angeles, California 90044, United States
$72,400,000
Units
180
Asset Type
Mixed-use
Closing
Feb 9, 2022
About this deal
AI
The mixed-use property located at 8400-8500 South Vermont Avenue in South Los Angeles has recently been involved in a closed transaction. The property spans an area of 4.2 acres and consists of 180 units. The deal involves a loan for the property.
Summary of transaction details
- Property Type: Mixed-use
- Loan Amount: $72,400,000
- Date: 02/10/2022
- Address: 8400-8500 South Vermont Avenue
- Market: South Los Angeles
- Units: 180
- Acres: 4.2
The landlord in this transaction is Bridge Housing Corp. The loan amount for this deal is $72,400,000.
Players
Los Angeles 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93