Pax Urban & Avo Secures $25.8M Construction Loan For Los Angeles Multifamily Property
FINANCED
$25,870,000
California
See Similar DealsMultiFamily53,000 SF
Financed 06/17/2022
FINANCED
Pax Urban & Avo Secures $25.8M Construction Loan For Los Angeles Multifamily Property
1419 New Hampshire Avenue
See Similar DealsMultiFamily53,000 SF
Financed 06/17/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$488
Total Square Footage:53,000 SF
Transaction Type:Loan
The multifamily property located at 1419 N. New Hampshire Ave in Los Angeles has been involved in a recent transaction. The property spans a total of 53,000 square feet and is categorized as multifamily.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $25,870,000
- Market: Los Angeles
- Lender: Techo Real Estate - JP Ackerman
- Landlord: Pax Urban & Avo
- Brokers: Malcolm Davies & Zack Streit – WAY Capital
JP Ackerman from Techo Real Estate served as the lender for this transaction. The landlord on record for the property is Pax Urban & Avo. The brokers involved in the deal were Malcolm Davies and Zack Streit from WAY Capital.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$25,870,000.00
Monthly NOI$172,466.67
Monthly Debt Service$163,516.00
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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