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Ally Commercial Real Estate Secures $7.5M Acquisition Loan For Hollywood Multifamily Property

Property Image
FINANCED
$7,455,000

California

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MultiFamily23,450 SF
Financed 05/16/2022
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Property Image
FINANCED

Ally Commercial Real Estate Secures $7.5M Acquisition Loan For Hollywood Multifamily Property

7075 Lanewood Avenue, Los Angeles, California 90028, United States

See Similar Deals
MultiFamily23,450 SF
Financed 05/16/2022
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$317
Total Square Footage:23,450 SF
Transaction Type:Loan

The multifamily property located at 7075 Lanewood Ave in Hollywood has been recently involved in a closed transaction. The property spans approximately 23,450 square feet and consists of 36 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $7,455,000
  • Market: Hollywood
  • Loan Type: Acquisition
  • Loan Terms: 70% LTC, 24 Months, 5% starting rate (floating), 0.50% Lender Fee

Trevor Damyan from Ally Commercial Real Estate was the broker involved in this transaction. As the Capital Markets Director, he represented the parties involved in the deal. For more information, Trevor can be reached at [email protected] or 805.455.0051.

If you are interested in exploring similar opportunities, reach out to Trevor Damyan today!

Players

Trevor Damyan
CLS | CRE
Trevor Damyan
13 deals$207M volume
BROKER
Ally Commercial Real Estate
Ally Commercial Real Estate
BROKERAGE

Details

FINANCED
IMAGE: Trevor Damyan DATE: 05/16/2022 ADDRESS: 7075 Lanewood Ave. MARKET: Hollywood ASSET TYPE: Multifamily ~ SF: 23,450 ~ UNITS: 36 BROKER: Trevor Damyan (@HotelTowelWaster) - Ally Commercial Real Estate (@AllyCommercialRE) LOAN AMOUNT: $7,455,000 LOAN TYPE: Acquisition LOAN TERMS: 70% LTC, 24 Months, 5% starting rate (floating), 0.50% Lender Fee NOTE: Reach out today! Trevor Damyan Capital Markets Director [email protected] 805.455.0051

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$7,455,000.00

Monthly NOI$49,700.00
Monthly Debt Service$47,120.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00