FINANCEDMultiFamily
Banc Of California Provides $2.75M Loan For Multifamily Property On S. Western Ave
2244 S Western Ave, Los Angeles, CA, USA
$2,755,000
$206/SF
Building Size
13,362 SF
Asset Type
MultiFamily
Closing
Aug 12, 2021
AI
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
Los Angeles 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
5.76%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93