FINANCEDMultiFamily
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
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.
Players
Anaheim 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
1.24%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93