Six Peak Capital & Grandview Partners Secures $40M Construction Loan For Multifamily In Los Angeles
FINANCED
$40,000,000
California
See Similar DealsMultiFamily99,602 SF
Financed 09/16/2022
FINANCED
Six Peak Capital & Grandview Partners Secures $40M Construction Loan For Multifamily In Los Angeles
4339 Berryman Avenue
See Similar DealsMultiFamily99,602 SF
Financed 09/16/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$401
Total Square Footage:99,602 SF
Transaction Type:Loan
Six Peak Capital and Grandview Partners have obtained a $40,000,000 construction loan from East West Bank for a multifamily property located at 4339 Berryman Ave and 4367 Berryman Avenue in Los Angeles, CA. The property consists of 282 units and spans a total area of 99,602 square feet.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $40,000,000
- Address: 4339 Berryman Ave, Los Angeles, CA
- Units: 282
- Square Footage: 99,602
- Lender: East West Bank
- Landlord: Six Peak Capital & Grandview Partners
- Brokers: Malcolm Davies, Zack Streit - WAY Capital, Inc.
The loan obtained is a construction loan, providing the necessary financing for the development of the property.
Players
LENDER
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$40,000,000.00
Monthly NOI$266,666.67
Monthly Debt Service$252,827.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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