Updated Apr 3, 2025
3650 REIT Provides $36M Bridge Loan For Multifamily Property On Lankershim Blvd, North Hollywood
8250 Lankershim Blvd, North Hollywood, CA 91605, USA
$36,000,000
$952/SF
Building Size
37,780 SF
Asset Type
MultiFamily
Closing
Jun 15, 2020
About this deal
AI
The property involved in this transaction is a multifamily asset located at 8250 Lankershim Blvd in North Hollywood. The loan for this transaction was provided by 3650 REIT, with Jonathan Roth serving as the lender's representative. The loan amount for this transaction is $36,000,000 and the terms of the loan are a 30-month bridge loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $36,000,000
- Address: 8250 Lankershim Blvd
- Market: North Hollywood
In addition to the lender, the key individuals and companies involved in this deal include Dugally Oberfeld Capital Partners, represented by Mauricio Oberfeld and the Fabulous Five. The broker facilitating this transaction is Scott Monroe from NorthMarq.
On the Map
$36,000,000
$952/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93