Bob Tamkin Refinances Mixed-Use Property In Marina Del Rey With $12M Loan
415 Washington Boulevard
$12,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 30, 2023
AI
A mixed-use property located at 415 Washington Boulevard in Marina del Rey has been refinanced for a loan amount of $12,000,000. The property is owned by Bob Tamkin and was represented by Todd Sherman and Carter Gill from First Pacific Financial in the deal.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $12,000,000
- Asset Address: 415 Washington Boulevard, Marina del Rey
- Market: Marina del Rey
- Landlord: Bob Tamkin
- Brokers: Todd Sherman & Carter Gill - First Pacific Financial
- Loan Type: Refinance
Todd Sherman and Carter Gill from First Pacific Financial played a key role in representing Bob Tamkin throughout the refinancing process. Their expertise and negotiation skills ensured a successful loan transaction for the mixed-use property at 415 Washington Boulevard in Marina del Rey.
Players
Market 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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93