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355 Glendale Boulevard, Los...

Updated Mar 11, 2025

Bilt advertisement
Bond Companies Secures $30.36M Construction Loan For Echo Park Multifamily
FINANCEDMultiFamily

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.

Players

Chase Calderon

Slatt Capital

Broker

$97.4M

vol

7 deals

Broker
Continental Partners
Continental PartnersBrokerage
Continental Partners
Continental PartnersLender

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $549 per square foot on a published $30.4M for 55,250 square feet (2022).

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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

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