Fulcrum - Alter Mile Group Provides $15.6M Construction Loan For MultiFamily Property On North Formosa Avenue, West Hollywood
FINANCED
$15,600,000
California
See Similar DealsMultiFamily12,000 SF
Financed 07/05/2023
FINANCED
Fulcrum - Alter Mile Group Provides $15.6M Construction Loan For MultiFamily Property On North Formosa Avenue, West Hollywood
1242 N Formosa Ave West Hollywood, CA 90046, USA
See Similar DealsMultiFamily12,000 SF
Financed 07/05/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$1,300
Total Square Footage:12,000 SF
Transaction Type:Loan
Located at 1242 North Formosa Avenue in West Hollywood, this multi-family property boasts 18 units and spans across 12,000 square feet. The property is part of a closed transaction, involving a construction loan.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $15,600,000
- Loan Type: Construction
- Loan Terms: Ground up construction loan
- Lender: Fulcrum - Alter Mile Group
- Broker: Jennifer Lopez - United Finance & Investments Inc
In this deal, the lending institution responsible for providing the construction loan is Fulcrum - Alter Mile Group. Representing the buyers in this transaction is broker Jennifer Lopez from United Finance & Investments Inc.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,600,000.00
Monthly NOI$104,000.00
Monthly Debt Service$98,602.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions