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1000 West Temple Street, Lo...

Goldman Sachs Provides $260M Loan For Multifamily Property In Los Angeles - Geoff Palmer & David Solomon
FINANCEDMultiFamily

Goldman Sachs Provides $260M Loan For Multifamily Property In Los Angeles - Geoff Palmer & David Solomon

1000 West Temple Street, Los Angeles, California 90012, United States

$260,000,000

Building Size

Asset Type

MultiFamily

Closing

Jan 8, 2023

AI

Geoff Palmer & David Solomon have closed a loan transaction for a multifamily property located at 1000 West Temple Street in Los Angeles. The loan was provided by Goldman Sachs and was facilitated by David Solomon. The landlord of the property is G.H. Palmer Associates, represented by Geoff Palmer.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $260,000,000
  • Date: 01/09/2023
  • Address: 1000 West Temple Street, Los Angeles
  • Lender: Goldman Sachs - David Solomon
  • Landlord: G.H. Palmer Associates - Geoff Palmer

This transaction involved the collaboration of Geoff Palmer, representing G.H. Palmer Associates as the property's landlord, and David Solomon from Goldman Sachs as the lender. The loan amount for this multifamily property transaction was $260,000,000.

Players

GA
G.H. Palmer AssociatesLandlord

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

0.06%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93