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222 West 6th Street

Updated Dec 4, 2024

BH3 Management & F2 Capital Provide $17.5M Bridge Loan For San Pedro Multifamily
FINANCEDMultiFamily

BH3 Management & F2 Capital Provide $17.5M Bridge Loan For San Pedro Multifamily

222 West 6th Street

$17,500,000

Building Size

Asset Type

MultiFamily

Closing

Feb 21, 2024

About this deal

AI

The multifamily property located at 222 West 6th Street in San Pedro was involved in a recent transaction. The property received a bridge loan amounting to $17,500,000. The lenders involved in providing the loan were Daniel Lebensohn, Gregory Freedman, and Eric Edidin from BH3 Management, along with Jonathan Fhima from F2 Capital. The landlords associated with this transaction are Forbix and Urban Stearns.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $17,500,000
  • Lenders: Daniel Lebensohn, Gregory Freedman, Eric Edidin - BH3 Management; Jonathan Fhima - F2 Capital
  • Landlord: Forbix & Urban Stearns

The key individuals and companies involved in this deal include Daniel Lebensohn, Gregory Freedman, Eric Edidin, and Jonathan Fhima, who acted as lenders in providing the bridge loan for this multifamily property transaction in San Pedro.

Players

F2
F2Lender

San Pedro 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

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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