Updated Dec 5, 2024
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
About this deal
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.
On the Map
$102,000,000
$829/SF
MultiFamily
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Players
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