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Freddie Mac Provides $11.75M Loan For Third Thyme Multihousing Community In Los Angeles

Property Image
FINANCED
$11,750,000

California

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MultiFamily14,866 SF
Financed 07/17/2023
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Property Image
FINANCED

Freddie Mac Provides $11.75M Loan For Third Thyme Multihousing Community In Los Angeles

1441 W 3rd St Los Angeles, Ca 90017, Usa

See Similar Deals
MultiFamily14,866 SF
Financed 07/17/2023
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$790
Total Square Footage:14,866 SF
Transaction Type:Loan

The Third Thyme property, located at 1441 West 3rd Street in Los Angeles, has undergone a significant financing transaction. This multifamily property comprises 104 units spread across 14,866 square feet. The property, owned by the West Hollywood Community Housing Corporation, has been the recipient of a loan amounting to $11,750,000 provided by Freddie Mac.

Summary of Transaction Details

  • Property Type: Multifamily
  • Loan Amount: $11,750,000
  • Loan Type: Refinance
  • Loan Terms: 15-year, fixed-rate
  • Market: Los Angeles
  • Units: 104
  • Square Footage: 14,866

Anson Snyder, a broker from JLL, represented the parties involved in this financing deal. The loan provided by Freddie Mac Multifamily will support the development of senior and supportive housing at the Third Thyme property, further enhancing its role as an affordable multihousing community in Los Angeles.

Players

Anson Snyder
JLL
Anson Snyder
5 deals$48.9M volume(310) 407-2132
BROKER
Freddie Mac
Freddie Mac
LENDER

Details

FINANCED
IMAGE: Anson Snyder DATE: 07/17/2023 ADDRESS: 1441 West 3rd Street MARKET: Los Angeles ASSET TYPE: Multifamily ~ UNITS: 104 ~ SF: 14,866 LENDER: Freddie Mac LANDLORD: West Hollywood Community Housing Corporation BROKER: Anson Snyder - JLL LOAN AMOUNT: $11,750,000 LOAN TYPE: Refinance LOAN TERMS: 15-year, fixed-rate NOTE: JLL Capital Markets has secured $11.75 million in financing for Third Thyme, an affordable multihousing community in Los Angeles. The loan, provided by Freddie Mac Multifamily, will support the development of senior and supportive housing at the property.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$11,750,000.00

Monthly NOI$78,333.33
Monthly Debt Service$74,267.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00