Updated Oct 29, 2024
Continental Partners Provides $1.87M Loan For Inglewood Multifamily Property
214 E Hyde Park Blvd, Inglewood, CA, USA
$1,870,000
$221/SF
Building Size
8,448 SF
Asset Type
MultiFamily
Closing
Jun 24, 2019
About this deal
AI
An apartment building located at 214 E Hyde Park Blvd in the Inglewood market has been recently involved in a closed transaction. The multifamily property, with a total square footage of 8,448, was the subject of the deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,870,000
- Lender: Continental Partners
- Landlord: ING 214 LLC
- Brokers: Brian Asheghian - [Agency name]
- Loan Terms: 5 year fixed, 30 year term, 75% LTV
The financing for this transaction amounting to $1,870,000 was provided by Continental Partners. The loan terms include a fixed rate for 5 years with a 30-year term and a loan-to-value (LTV) ratio of 75%. This loan was secured by the multifamily property situated at 214 E Hyde Park Blvd in Inglewood. Brian Asheghian, representing [Agency name], acted as the broker in this deal.
Players
Inglewood 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
8.48%
Cash-on-Cash
-2.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93