facebook
Traded Co logo
Submit

J.H. Snyder Company Secures $171.6M Loan For Miracle Mile Multifamily With KKR

Property Image
FINANCED
$171,600,000

California

See Similar Deals
MultiFamily1,298 SF
Financed 05/17/2021
the dealplayerscompscontact
Property Image
FINANCED

J.H. Snyder Company Secures $171.6M Loan For Miracle Mile Multifamily With KKR

640 South Curson Avenue, Central LA, Los Angeles, CA, USA

See Similar Deals
MultiFamily1,298 SF
Financed 05/17/2021
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$132,203
Total Square Footage:1,298 SF
Transaction Type:Loan

The property involved in this transaction is a multifamily asset located at 640 South Curson Avenue in the Miracle Mile market. The loan for this property was provided by KKR, with Henry R. Kravis and George R. Roberts as the lenders. The landlord of the property is J.H. Snyder Company, represented by Lon Snyder. The brokers involved in the deal were Seth Grossman, Steve Edelstein, and Jackie Tran from Meridian Capital Group. The loan amount for this transaction was $171,600,000, and the property consists of 285 units. The loan term is 10 years, fixed-rate.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $171,600,000
  • Address: 640 South Curson Avenue
  • Market: Miracle Mile
  • Lender: KKR - Henry R. Kravis & George R. Roberts
  • Landlord: J.H. Snyder Company - Lon Snyder
  • Brokers: Seth Grossman, Steve Edelstein & Jackie Tran - Meridian Capital Group
  • Units: 285
  • Term: 10-year, fixed-rate

The individuals and companies involved in this deal include KKR, represented by Henry R. Kravis and George R. Roberts as lenders, and J.H. Snyder Company, represented by Lon Snyder as the landlord. The brokers who facilitated the transaction were Seth Grossman, Steve Edelstein, and Jackie Tran from Meridian Capital Group. The loan amount of $171,600,000 was secured for the multifamily property consisting of 285 units located at 640 South Curson Avenue in the Miracle Mile market.

Players

Jackie Tran
5 deals$755.6M volume(858) 964-1261
BROKER

Steven Edelstein
Filler Capital
14 deals$421M volume
BROKER

KKR
LENDER

Details

FINANCED
IMAGE: Seth Grossman, Steve Edelstein, Jackie Tran, Lon Snyder, Henry R. Kravis & George R. Roberts DATE: 05/17/2021 ADDRESS: 640 South Curson Avenue MARKET: Miracle Mile ASSET TYPE: Multifamily LENDER: KKR - Henry R. Kravis & George R. Roberts LANDLORD: J.H. Snyder Company - Lon Snyder BROKERS: Seth Grossman, Steve Edelstein & Jackie Tran - Meridian Capital Group LOAN AMOUNT: $171,600,000 UNITS: 285 TERM: 10-year, fixed-rate

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$171,600,000.00

Monthly NOI$1,144,000.00
Monthly Debt Service$1,084,628.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00