Updated Mar 11, 2025
CMNTY Culture Acquires Land In Hollywood For $35M With Parkview Financial Loan
Hollywood, Los Angeles, California 90046, United States
$485,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Sep 12, 2022
About this deal
AI
CMNTY Culture, represented by Thomas St John & Philip Lawrence, has acquired a land asset in Hollywood. The transaction took place on 09/12/2022, and the property is located in the Hollywood market. The acquisition loan for this deal was provided by Parkview Financial, with a loan amount of $35,000,000.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $35,000,000
- Market: Hollywood
- Landlord: CMNTY Culture - Thomas St John & Philip Lawrence
- Lender: Parkview Financial
- Loan Type: Acquisition Loan
CMNTY Culture, represented by Thomas St John & Philip Lawrence, have successfully completed the acquisition of this property in Hollywood. The deal was facilitated by Parkview Financial, who provided an acquisition loan of $35,000,000. This transaction marks an important step for CMNTY Culture in expanding their real estate portfolio.
Players
Los Angeles Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93