Updated Mar 25, 2025
Grubb Properties Secures $21 Million Recapitalization Loan From Peachtree Group In Los Angeles
1000 South Vermont Avenue
$21,000,000
$63/SF
Building Size
329,621 SF
Asset Type
MultiFamily
Closing
Jan 10, 2025
About this deal
AI
The asset involved in this transaction is a MultiFamily property located at 1000 South Vermont Avenue in the Los Angeles market. The loan amount for this property is $21,000,000.00, facilitated through a recapitalization loan provided by Peachtree Group.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $21,000,000.00
- Lender: Peachtree Group
- Landlord: Grubb Properties
- Loan Type: recapitalization
- Date: 01/10/2025
- Address: 1000 South Vermont Avenue
- Market: Los Angeles
This deal involves key individuals such as the representatives from Peachtree Group and Grubb Properties. The arrangement details the lender as Peachtree Group and the landlord as Grubb Properties, highlighting the engaged parties in this financial transaction.
On the Map
$21,000,000
$63/SF
MultiFamily
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Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93