Updated Oct 28, 2024
Cottonwood Group Provides $62M Loan For Mixed-Use Property On Sunset Boulevard, West Hollywood
8850 W Sunset Blvd, West Hollywood, California 90069, United States
$62,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Jul 31, 2022
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 8850 Sunset Boulevard in West Hollywood. The deal took place on 08/01/2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $62,000,000
- Address: 8850 Sunset Boulevard
- Market: West Hollywood
The lender in this transaction was Cottonwood Group, represented by Mark Green. The loan amount provided was $62,000,000. The landlord was Silver Creek, represented by Franck Ruimy.
The mixed use loan at 8850 W Sunset Blvd, West Hollywood, California 90069, United States in West Hollywood, California financed for $62M in 2022. 8850 W Sunset Blvd, West Hollywood, California 90069, United States is classified as Mixed Use on Traded. Named participants on the 8850 W Sunset Blvd, West Hollywood, California 90069, United States loan are Franck Ruimy. This page is the West Hollywood, California file for the 8850 W Sunset Blvd, West Hollywood, California 90069, United States 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 8850 W Sunset Blvd, West Hollywood, California 90069, United States around 2022. Published consideration for 8850 W Sunset Blvd, West Hollywood, California 90069, United States is $62M, dated 2022. Cite this Cottonwood Group Provides $62M Loan For Mixed-Use Property On Sunset Boulevard, West Hollywood loan when underwriting similar mixed use product around West Hollywood, California.
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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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93