CGI Strategies Acquires Multifamily Property In Koreatown For $41.5M
FINANCED
$41,500,000
California
See Similar DealsMultiFamily130,077 SF
Financed 05/06/2021
FINANCED
CGI Strategies Acquires Multifamily Property In Koreatown For $41.5M
269 South Mariposa Avenue, Central LA, Los Angeles, CA, USA
See Similar DealsMultiFamily130,077 SF
Financed 05/06/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$319
Total Square Footage:130,077 SF
Transaction Type:Loan
The multifamily property located at 269 South Mariposa Avenue in Koreatown recently underwent a closed transaction. The property consists of 122 units and has been the subject of a loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $41,500,000
- Address: 269 South Mariposa Avenue
- Market: Koreatown
The lender involved in the transaction was CBRE Global Investors, represented by Charles Kim. The loan was provided for the multifamily property. The landlord for this property is CGI Strategies, represented by Gidi Cohen.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$41,500,000.00
Monthly NOI$276,666.67
Monthly Debt Service$262,308.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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