Pacific6 Enterprises Secures $55 Million Loan For Long Beach Multifamily Property
FINANCED
$55,000,000
California
See Similar DealsMultiFamily
Financed 04/26/2022
FINANCED
Pacific6 Enterprises Secures $55 Million Loan For Long Beach Multifamily Property
110 West Ocean Boulevard, Long Beach, California 90802, United States
See Similar DealsMultiFamily
Financed 04/26/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 110 West Ocean Boulevard in Long Beach has been involved in a loan transaction. The loan amount for this transaction is $55,000,000.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $55,000,000
The lender for this transaction is X-Caliber Funding represented by Chris Callahan, along with CastleGreen Finance represented by Sal Tarsia. The landlord of the property is Pacific6 Enterprises represented by John Molina. The broker involved in this deal is Matt Raptosh from Berkadia.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$55,000,000.00
Monthly NOI$366,666.67
Monthly Debt Service$347,637.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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