California Landmark Group Refinances Hollywood Multifamily Property For $84.75M With Mesa West Capital
FINANCED
$84,750,000
California
See Similar DealsMultiFamily
Financed 03/22/2022
FINANCED
California Landmark Group Refinances Hollywood Multifamily Property For $84.75M With Mesa West Capital
7928 Hollywood Boulevard, Los Angeles, California 90046, United States
See Similar DealsMultiFamily
Financed 03/22/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$84,750,000.00
Monthly NOI$565,000.00
Monthly Debt Service$535,677.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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