Updated Oct 28, 2024
Silver Star Real Estate Refinances Long Beach Multifamily Property With $75M Loan From LoanCore Capital
1614 Ximeno Avenue, Long Beach, California 90803, United States
$75,000,000
Units
206
Asset Type
MultiFamily
Closing
Aug 2, 2022
About this deal
AI
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.
The multifamily loan at 1614 Ximeno Avenue, Long Beach, California 90803, United States in Long Beach, California financed for $75M in 2022. Reported inventory is 206 units across 206 units. Charlie Vorsheck, Greg Brown, JLL appear on the loan alongside JLL. This page is the Long Beach, California file for the 1614 Ximeno Avenue, Long Beach, California 90803, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Long Beach sit in the Market section below. Filter that Long Beach multifamily set by closing date to see what else financed near 1614 Ximeno Avenue, Long Beach, California 90803, United States around 2022. Published consideration for 1614 Ximeno Avenue, Long Beach, California 90803, United States is $75M, dated 2022. Cite this Silver Star Real Estate Refinances Long Beach Multifamily Property With $75M Loan From LoanCore Capital loan when underwriting similar multifamily product around Long Beach, California.
Players
Long Beach 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93