Updated Oct 28, 2024
California Landmark Group Refinances Hollywood Multifamily Property For $84.75M With Mesa West Capital
7928 Hollywood Boulevard, Los Angeles, California 90046, United States
$84,750,000
Units
157
Asset Type
MultiFamily
Closing
Mar 21, 2022
About this deal
AI
The multifamily property located at 7928 Hollywood Boulevard and 1168 South Barrington Avenue in Hollywood has recently undergone a refinancing transaction. The property consists of 157 units and is owned by California Landmark Group, represented by Ken Kahan. The loan for the transaction was provided by Mesa West Capital, with Josh Westerberg acting as the lender's representative.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $84,750,000
- Address: 7928 Hollywood Boulevard & 1168 South Barrington Avenue
- Market: Hollywood
- Units: 157
The refinancing deal, which took place on 03/22/2022, involved a loan amount of $84,750,000. The loan was initiated by California Landmark Group, represented by Ken Kahan, to refinance the multifamily property. Mesa West Capital provided the financing for the transaction, with Josh Westerberg overseeing the loan process.
On the Map
$84,750,000
MultiFamily
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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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93