Updated Sep 9, 2024
Dr. Stanley Sirott Secures $12.8M Loan For Buena Park Multifamily Property
6400 West Lincoln Avenue, Buena Park, CA, USA
$12,825,000
$208/SF
Building Size
61,413 SF
Asset Type
MultiFamily
Closing
Jan 3, 2021
About this deal
AI
The multifamily property located at 6400 Lincoln Avenue in Buena Park has recently undergone a transaction. The property, owned by Dr. Stanley Sirott, was involved in a loan deal. The loan was provided by HomeStreet Bank.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,825,000
- Loan Terms: 3.15% 5-Year Fixed, 5-Years I/O, 64% LTV, 3-1-1-1% Prepay
Gianni Novo, representing NovoCP, acted as the broker in this loan transaction.
The multifamily loan at 6400 West Lincoln Avenue, Buena Park, CA, USA in Anaheim, California financed for $12.8M in 2021. The building is 61,413 square feet, implying about 208 per square foot on the published price. Gianni Novo, Novo Capital Partners, CBRE appear on the loan alongside Novo Capital Partners, CBRE. This page is the Anaheim, California file for the 6400 West Lincoln Avenue, Buena Park, CA, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Anaheim sit in the Market section below. Filter that Anaheim multifamily set by closing date to see what else financed near 6400 West Lincoln Avenue, Buena Park, CA, USA around 2021. Published consideration for 6400 West Lincoln Avenue, Buena Park, CA, USA is $12.8M, dated 2021. Cite this Dr. Stanley Sirott Secures $12.8M Loan For Buena Park Multifamily Property loan when underwriting similar multifamily product around Anaheim, California.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.24%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93