Lili Dunn Of Bell Partners Secures $73 Million Refinance Loan From KKR For Multifamily Complex
11622 Aviation Boulevard
$73,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 21, 2025
AI
Bell South Bay Apartments is a 216-unit multifamily complex located at 11622 Aviation Boulevard in Inglewood, California. The property, built in 2016, includes amenities such as a fitness center, coworking spaces, and a yoga studio.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $73,000,000
- Lender: KKR
- Landlord: Lili Dunn - Bell Partners
- Brokers: Craig West & Justin Nelson - Walker & Dunlop
- Loan Type: Refinance
Bell Partners secured the loan from KKR for the refinancing of the property. Walker & Dunlop arranged the financing for this transaction, contributing to the funding of the multifamily development in the Los Angeles area.
Players
Inglewood 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93