Updated Oct 29, 2024
CBRE Capital Markets Provides $2.15M Loan For Multifamily Property In Lynwood
11165 Louise Ave, Lynwood, CA, USA
$2,150,000
$194/SF
Building Size
11,060 SF
Asset Type
MultiFamily
Closing
May 13, 2019
About this deal
AI
A multifamily property located at 11165 Louise Ave in Lynwood has recently undergone a loan transaction. The property, spanning 11,060 square feet, consists of 7 units and is owned by Sol Del Cielo LLC.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Date: 05/14/2019
- Address: 11165 Louise Ave
- Market: Lynwood
- Loan Amount: $2,150,000
- Loan Terms: 7 Years Fixed, 4.63% interest rate, 30-year Amortization, Due in 20
- Lender: CBRE Capital Markets Inc.
- Brokers: Abraham Sandoval from CBRE, Derek Hernandez from CBRE, Sam Ha
The loan for this property was provided by CBRE Capital Markets Inc. The loan amount was $2,150,000, with a fixed term of 7 years and a 30-year amortization schedule. The interest rate for the loan is 4.63%. The loan is due in 20 years.
The brokers involved in this transaction were Abraham Sandoval from CBRE, Derek Hernandez from CBRE, and Sam Ha.
Players
Lynwood 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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93