Hanmi Bank Provides $16.75 Million Refinance Loan For Dana Cove Luxury Living In Dana Point
FINANCED
$20,000,000
California
See Similar DealsMultiFamily35,246 SF
Financed 03/25/2025
FINANCED
Hanmi Bank Provides $16.75 Million Refinance Loan For Dana Cove Luxury Living In Dana Point
34177 Pacific Coast Highway
See Similar DealsMultiFamily35,246 SF
Financed 03/25/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$567
Total Square Footage:35,246 SF
Transaction Type:Loan
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.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,000,000.00
Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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