Grubb Properties Secures $21 Million Recapitalization Loan From Peachtree Group In Los Angeles
FINANCED
$21,000,000
California
See Similar DealsMultiFamily329,621 SF
Financed 01/10/2025
FINANCED
Grubb Properties Secures $21 Million Recapitalization Loan From Peachtree Group In Los Angeles
1000 South Vermont Avenue
See Similar DealsMultiFamily329,621 SF
Financed 01/10/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$63
Total Square Footage:329,621 SF
Transaction Type:Loan
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.
Players
LENDER
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,000,000.00
Monthly NOI$140,000.00
Monthly Debt Service$132,734.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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