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415 Washington Boulevard

Bob Tamkin Refinances Mixed-Use Property In Marina Del Rey With $12M Loan
FINANCEDMultiFamily

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

Todd Sherman

Broker

$65.6M

vol

4 deals

Broker

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