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630 Masselin Avenue, Centra...

Updated Oct 29, 2024

Mesa West Capital Provides $65M Loan For Multifamily Property At 630 Masselin Avenue, Mid-Wilshire
FINANCEDMultiFamily

Mesa West Capital Provides $65M Loan For Multifamily Property At 630 Masselin Avenue, Mid-Wilshire

630 Masselin Avenue, Central LA, Los Angeles, CA, USA

$65,000,000

$386/SF

Building Size

168,133 SF

Asset Type

MultiFamily

Closing

Mar 16, 2020

About this deal

AI

The property involved in this closed transaction is a multifamily asset located at 630 Masselin Avenue in the Mid-Wilshire market. The transaction took place on March 17, 2020.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $65,000,000
  • Units: 169

Mesa West Capital provided the loan for this transaction. The lender is not disclosed. The landlord of the property is Sares Regis Group, represented by Ken Gladstein.

Please note that no additional information is available about this transaction.

The multifamily loan at 630 Masselin Avenue, Central LA, Los Angeles, CA, USA in Los Angeles, California financed for $65M in 2020. Reported inventory is 168,133 square feet across 169 units, or about 386 per square foot. This page is the Los Angeles, California file for the 630 Masselin Avenue, Central LA, Los Angeles, CA, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles multifamily set by closing date to see what else financed near 630 Masselin Avenue, Central LA, Los Angeles, CA, USA around 2020. Published consideration for 630 Masselin Avenue, Central LA, Los Angeles, CA, USA is $65M, dated 2020. Cite this Mesa West Capital Provides $65M Loan For Multifamily Property At 630 Masselin Avenue, Mid-Wilshire loan when underwriting similar multifamily product around Los Angeles, California.

Players

Mesa West Capital
Mesa West CapitalLender
Sares Regis Group
Sares Regis GroupLandlord

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $386 per square foot on a published $65M for 168,133 square feet (2020).

Browse California multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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