Updated Mar 11, 2025
Bond Companies Secures $30.36M Construction Loan For Echo Park Multifamily
355 Glendale Boulevard, Los Angeles, California 90026, United States
$30,360,000
$549/SF
Building Size
55,250 SF
Asset Type
MultiFamily
Closing
Mar 28, 2022
About this deal
AI
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $30,360,000
- Address: 355 Glendale Blvd, Los Angeles, CA
- Market: Echo Park
- Asset Type: Multifamily
- Square Footage: 55,250
- Lender: Continental Partners
- Landlord: Bond Companies
- Brokers: Chase Calderon & Andrew Sawyer - Continental Partners
- Loan Type: Construction
- Date: 03/29/2022
The multifamily loan at 355 Glendale Boulevard, Los Angeles, California 90026, United States in Los Angeles, California financed for $30.4M in 2022. The building is 55,250 square feet, implying about 549 per square foot on the published price. Andrew Sawyer, Chase Calderon, Slatt Capital, Piccard Financial appear on the loan alongside Slatt Capital, Piccard Financial. This page is the Los Angeles, California file for the 355 Glendale Boulevard, Los Angeles, California 90026, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles multifamily set by closing date to see what else financed near 355 Glendale Boulevard, Los Angeles, California 90026, United States around 2022. Published consideration for 355 Glendale Boulevard, Los Angeles, California 90026, United States is $30.4M, dated 2022. Cite this Bond Companies Secures $30.36M Construction Loan For Echo Park Multifamily loan when underwriting similar multifamily product around Los Angeles, California.
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Los Angeles MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93