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

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FINANCED
$17,500,000

California

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MultiFamily
Financed 02/21/2024
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Property Image
FINANCED

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

222 West 6th Street

See Similar Deals
MultiFamily
Financed 02/21/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan

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

LENDER

Details

FINANCED
IMAGE: Daniel Lebensohn, Gregory Freedman, Eric Edidin & Jonathan Fhima DATE: 02/21/2024 ADDRESS: 222 West 6th Street MARKET: San Pedro ASSET TYPE: Multifamily LENDER: Daniel Lebensohn, Gregory Freedman & Eric Edidin - BH3 Management (@BH3Management); Jonathan Fhima (@JonFhima) - F2 Capital (@__FTwo) LANDLORD: Forbix & Urban Stearns LOAN AMOUNT: $17,500,000 LOAN TYPE: Bridge Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$17,500,000.00

Monthly NOI$116,666.67
Monthly Debt Service$110,611.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00