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Bradley Buzil Of Marcus & Millichap Arranges $8.2M Refinancing Loan For Los Angeles Multifamily Property

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FINANCED
$8,200,000

California

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MultiFamily21,258 SF
Financed 10/18/2022
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Property Image
FINANCED

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

See Similar Deals
MultiFamily21,258 SF
Financed 10/18/2022
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$385
Total Square Footage:21,258 SF
Transaction Type:Loan

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.

Players

Bradley Buzil
Marcus & Millichap
Bradley Buzil
13 deals$105.7M volume(312) 888-1525
BROKER

Details

FINANCED
IMAGE: Bradley Buzil DATE: 10/18/2022 ADDRESS: 1500 W 8th Street MARKET: Los Angeles, CA ASSET TYPE: Multifamily ~ UNITS: 68 ~ SF: 21,258 BROKER: Bradley Buzil (@BBuzil) - Marcus & Millichap (@MarcusMillichapLosAngeles) LOAN AMOUNT: $8,200,000 LOAN TYPE: Refinancing Loan LOAN TERMS: 2-year, 5.5% interest fixed loan features a 75% LTV

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$8,200,000.00

Monthly NOI$54,666.67
Monthly Debt Service$51,829.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00