Berkshire Residential Investments And Limekiln Real Estate Acquire Multifamily Properties In Downtown Los Angeles With $328.8M Loan
FINANCED
$328,800,000
California
See Similar DealsMultiFamily
Financed 04/13/2022
FINANCED
Berkshire Residential Investments And Limekiln Real Estate Acquire Multifamily Properties In Downtown Los Angeles With $328.8M Loan
548 North Spring Street, Los Angeles, California 90012, United States
See Similar DealsMultiFamily
Financed 04/13/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan
A multifamily property located at 548, 600 & 650 South Spring Street, 111 West 7th Street & 215 West 6th Street in downtown Los Angeles has recently been involved in a loan transaction.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $328,800,000
- Units: 1,037
The loan was provided by MF1 Capital for the acquisition of the property. The lender, Berkshire Residential Investments and Limekiln Real Estate, facilitated the transaction. The landlord, Laguna Point Properties, represented by Greg Campbell and Garrett LaBar, played a crucial role in the deal. The brokerage services were conducted by JLL.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$328,800,000.00
Monthly NOI$2,192,000.00
Monthly Debt Service$2,078,239.66
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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