Updated Apr 1, 2025
Hanmi Bank Provides $16.75 Million Refinance Loan For Dana Cove Luxury Living In Dana Point
34177 Pacific Coast Highway
$20,000,000
$567/SF
Building Size
35,246 SF
Asset Type
MultiFamily
Closing
Mar 25, 2025
About this deal
AI
The property involved in this transaction is located at 34177 Pacific Coast Highway, known as Dana Cove Luxury Living, situated in the Dana Point market. The asset type is a combination of multifamily and retail, consisting of 39 units with a retail space measuring 6,619 square feet.
Summary of transaction details:
- Property Type: Multifamily/Retail
- Transaction Amount: $16,750,000
- Lender: Hanmi Bank
- Loan Type: Refinance
- Loan Terms: 5-Year Fixed at T +1.70%, Non-Recourse, Stepdown Prepay
- Brokers: Marc Schillinger, Keaton Yellin & Jalynn Borders - JLL
The key individuals involved in this transaction include Marc Schillinger, Keaton Yellin, and Jalynn Borders, who represented the brokerage firm JLL for this deal. Their expertise facilitated the refinancing arrangement with the lender, Hanmi Bank, under the specified loan terms.
On the Map
$20,000,000
$567/SF
MultiFamily
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Players
Dana Point 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93