facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Multifamily

/

Loan

/

16225 San Fernando Mission ...

Harridge Development Group, Silverpeak Real Estate Partners & Atalaya Capital Secures $91M Construction Loan In Granada Hills By Madison Realty Capital
FINANCEDMultiFamily

Harridge Development Group, Silverpeak Real Estate Partners & Atalaya Capital Secures $91M Construction Loan In Granada Hills By Madison Realty Capital

16225 San Fernando Mission Boulevard, Granada Hills, CA, USA

$91,000,000

Building Size

Asset Type

MultiFamily

Closing

Nov 16, 2021

AI

The multifamily property located at 16225 San Fernando Mission Boulevard in Granada Hills has recently undergone a closed transaction. The property consists of 242 units and is owned by Harridge Development Group, Silverpeak Real Estate Partners, and Atalaya Capital.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: $91,000,000
  • Date: 11/16/2021
  • Address: 16225 San Fernando Mission Boulevard
  • Market: Granada Hills
  • Lender: Madison Realty Capital - Josh Zegen
  • Loan Type: Construction

The loan for this transaction was provided by Madison Realty Capital, with Josh Zegen representing the lender. The loan amount was $91,000,000 and the transaction was for construction purposes.

Players

Madison Realty Capital
Madison Realty CapitalLender

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93