Bradley Buzil Of Marcus & Millichap Arranges $8.2M Refinancing Loan For Los Angeles Multifamily Property
1500 West 8th Street, Los Angeles, California 90017, United States
$8,200,000
$385/SF
Building Size
21,258 SF
Asset Type
MultiFamily
Closing
Oct 17, 2022
AI
The property involved in this closed transaction is a multifamily asset located at 1500 W 8th Street in Los Angeles, CA. The property consists of 68 units and spans approximately 21,258 square feet. The transaction took place on 10/18/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,200,000
- Loan Type: Refinancing Loan
- Loan Terms: 2-year, 5.5% interest fixed loan
- Loan Amount: $8,200,000
- Loan Features: 75% LTV
The broker involved in this transaction is Bradley Buzil from Marcus & Millichap. He represented the parties in the deal.
Los Angeles 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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93