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
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
Players
Los Angeles 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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93