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
Los Angeles 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93