Updated Oct 29, 2024
First Pacific Financial Provides $11.8M Loan For Multifamily Property In Eagle Rock
4124 Eagle Rock Blvd, Los Angeles, CA 90065, USA
$11,825,000
$235/SF
Building Size
50,210 SF
Asset Type
MultiFamily
Closing
Jun 18, 2020
About this deal
AI
The multifamily property located at 4124 Eagle Rock Blvd in Eagle Rock has been involved in a recent transaction. The property, spanning 50,210 square feet, consists of 64 units. The transaction took place on 06/19/2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,825,000
- Loan Terms: 10 year fixed at 2.865%, 10 years interest only
- Lender: First Pacific Financial
- Broker: Tyler Bradford - Agency
The loan amount for this transaction was $11,825,000. The loan terms include a 10-year fixed rate at 2.865% with 10 years of interest-only payments. The lender involved in the transaction is First Pacific Financial, and the broker representing the deal is Tyler Bradford from the agency.
It is worth noting that this transaction also involved a cash-out option and is non-recourse.
On the Map
$11,825,000
$235/SF
MultiFamily
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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
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93