Updated Mar 11, 2025
El Palacio Weho Secures $6.95M Loan For West Hollywood Multifamily Property
8491 Fountain Ave, West Hollywood, CA, USA
$6,950,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 16, 2020
About this deal
AI
The multifamily property located at 8491-8499 Fountain Ave. in West Hollywood has been involved in a recent transaction. The loan amount of $6,950,000 was provided by Continental Partners. The property is owned by El Palacio Weho.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,950,000
- Address: 8491-8499 Fountain Ave.
- Market: West Hollywood
Chase Calderon of Continental Partners represented El Palacio Weho in the deal.
The multifamily loan at 8491 Fountain Ave, West Hollywood, CA, USA in Los Angeles, California financed for $7M in 2020. 8491 Fountain Ave, West Hollywood, CA, USA is classified as Multifamily on Traded. Chase Calderon, Slatt Capital appear on the loan alongside Slatt Capital. This page is the Los Angeles, California file for the 8491 Fountain Ave, West Hollywood, CA, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles multifamily set by closing date to see what else financed near 8491 Fountain Ave, West Hollywood, CA, USA around 2020. Published consideration for 8491 Fountain Ave, West Hollywood, CA, USA is $7M, dated 2020. Cite this El Palacio Weho Secures $6.95M Loan For West Hollywood Multifamily Property loan when underwriting similar multifamily product around Los Angeles, California.
On the Map
$6,950,000
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
2.28%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93