Silver Star Real Estate Refinances Multifamily Property On Ximeno Ave. In Long Beach For $75M
FINANCED
$75,000,000
California
See Similar DealsMultiFamily
Financed 07/28/2022
FINANCED
Silver Star Real Estate Refinances Multifamily Property On Ximeno Ave. In Long Beach For $75M
1613 Ximeno Avenue, Long Beach, California 90804, United States
See Similar DealsMultiFamily
Financed 07/28/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 1613 Ximeno Ave. in Long Beach has been involved in a recent closed transaction. The property consists of 206 units, making it a significant asset in the market.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $75,000,000
- Loan Type: Refinance
- Loan Terms: 3-year, floating-rate
The transaction was facilitated by Silver Star Real Estate, who served as the landlord. The brokers involved in the deal were Greg Brown and Charlie Vorsheck from JLL Capital Markets.
The loan amount for the transaction amounted to $75,000,000. It was a refinance loan with a term of three years and a floating interest rate.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$75,000,000.00
Monthly NOI$500,000.00
Monthly Debt Service$474,051.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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