CBK Investments Secures $6.75M Loan For Multifamily Property In Gardena
1030 Magnolia Ave, Gardena, CA, USA
$6,750,000
$326/SF
Building Size
20,667 SF
Asset Type
MultiFamily
Closing
Nov 5, 2021
AI
The property involved in this closed transaction is a multifamily asset located at 1030 Magnolia Ave in Gardena. The property spans approximately 20,667 square feet and consists of 26 units. The transaction took place on November 5, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,750,000
- Market: Gardena
The loan for this transaction was provided by Emerald Creek. CBK Investments served as the landlord in this recapitalization deal. Cooper Ramsey and Peter Stobierski from Truerate Services acted as the brokers representing the parties involved.
The loan has a term of 12 months and serves the purpose of recapitalizing the property.
Players
Gardena 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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93