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702 North Doheny Drive, Wes...

KKR & Co. Inc. Provides $102M Bridge Loan For Multifamily Property On N. Doheny Dr. In West Hollywood
FINANCEDMultiFamily

KKR & Co. Inc. Provides $102M Bridge Loan For Multifamily Property On N. Doheny Dr. In West Hollywood

702 North Doheny Drive, West Hollywood, California 90069, United States

$102,000,000

$829/SF

Building Size

122,953 SF

Asset Type

MultiFamily

Closing

Jan 25, 2022

AI

The property at 702 N. Doheny Dr. in West Hollywood has been involved in a recent loan transaction. The multifamily asset spans 122,953 square feet and consists of 37 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $102,000,000
  • Address: 702 N. Doheny Dr.
  • Market: West Hollywood
  • Square Footage: 122,953
  • Units: 37

The loan for this property was provided by kkr''>KKR & Co. Inc. The landlords involved in the deal are Westbrook Partners, DM Development, and Faring. The brokers representing the transaction were Malcolm Davies and Zack Streit of George Smith Partners.

Players

Zachary Streit

Priority Capital Advisory

Broker

$1.1B

vol

28 deals

Broker
KKR
KKRLender
Westbrook Partners
Westbrook PartnersLandlord

West Hollywood 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

0.16%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93