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
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