Six Peak Capital & Grandview Partners Secures $40M Construction Loan For Multifamily In Los Angeles
4339 Berryman Avenue
$40,000,000
$401/SF
Building Size
99,602 SF
Asset Type
MultiFamily
Closing
Sep 16, 2022
AI
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
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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93