Chase Calderon Secures $15.3M Construction Loan For 28-Unit MultiFamily On Gower Street, Los Angeles
1759 N Gower St, Los Angeles, CA 90028
$15,300,000
$382/SF
Building Size
40,000 SF
Asset Type
MultiFamily
Closing
Jun 26, 2023
AI
A construction loan of $15,300,000 has been secured for a multi-family property located at 1759 Gower Street in Los Angeles. The property comprises 28 units with a total square footage of 40,000. The loan represents 81% Loan-to-Cost (LTC) or 75% Loan-to-Value (LTV).
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $15,300,000
- Address: 1759 Gower Street
- Market: Los Angeles
- Units: 28
- Square Footage: 40,000
The landlord for this property is Ilan Israely. The loan was secured with the assistance of Chase Calderon from Slatt Capital.
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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93