Updated Dec 4, 2024
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
San Pedro MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
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