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
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.
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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93