Silver Star Real Estate Refinances Long Beach Multifamily Property With $75M Loan From LoanCore Capital
FINANCED
California
See Similar DealsMultiFamily
Financed 08/03/2022
FINANCED
Silver Star Real Estate Refinances Long Beach Multifamily Property With $75M Loan From LoanCore Capital
1614 Ximeno Avenue, Long Beach, California 90803, United States
See Similar DealsMultiFamily
Financed 08/03/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 1614 Ximeno Ave in Long Beach has undergone a refinancing transaction. The property consists of 206 units and is owned by Silver Star Real Estate. The loan was provided by LoanCore Capital.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $75,000,000
- Loan Type: Refinancing
- Loan Terms: Three-year, floating-rate
- Address: 1614 Ximeno Ave
- Market: Long Beach
The brokers involved in this transaction were Greg Brown and Charlie Vorsheck from JLL Capital Markets.
Players
LENDER
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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