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1614 Ximeno Avenue, Long Be...

Updated Oct 28, 2024

Silver Star Real Estate Refinances Long Beach Multifamily Property With $75M Loan From LoanCore Capital
FINANCEDMultiFamily

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

Greg Brown

JLL

Broker

$1.2B

vol

21 deals

Broker
LoanCore Capital
LoanCore CapitalLender

Long Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $364.1K per unit across 206 units on a published $75M (2022).

Visit Charlie Vorsheck to view all their deals.

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

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