Ally Commercial Real Estate Secures $7.5M Acquisition Loan For Hollywood Multifamily Property
7075 Lanewood Avenue, Los Angeles, California 90028, United States
$7,455,000
$317/SF
Building Size
23,450 SF
Asset Type
MultiFamily
Closing
May 15, 2022
AI
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
Los Angeles 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
2.13%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93