Banc Of California Provides $2.75M Loan For Multifamily Property On S. Western Ave
FINANCED
$2,755,000
California
See Similar DealsMultiFamily13,362 SF
Financed 08/13/2021
FINANCED
Banc Of California Provides $2.75M Loan For Multifamily Property On S. Western Ave
2244 S Western Ave, Los Angeles, CA, USA
See Similar DealsMultiFamily13,362 SF
Financed 08/13/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$206
Total Square Footage:13,362 SF
Transaction Type:Loan
The multifamily property located at 2244 S. Western Ave. in Los Angeles has recently closed a loan transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,755,000
The loan for this property was provided by Banc Of California. The brokers involved in this transaction were Eric Gleitman and Zach Thurm from Mercury Capital Markets.
Players
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,755,000.00
Monthly NOI$18,366.67
Monthly Debt Service$17,413.47
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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