Updated Oct 28, 2024
Universe Holdings Refinances 172-Unit Multifamily Property In Chatsworth For $30.3M
9225 Topanga Canyon Boulevard, Chatsworth, California 91311, United States
$30,300,000
Units
172
Asset Type
MultiFamily
Closing
May 10, 2022
About this deal
AI
The multifamily property located at 9225 Topanga Canyon Rd. in Chatsworth has been involved in a recent closed transaction. Owned by Universe Holdings, this property consists of 172 units. The deal was facilitated by JLL Capital Markets, who represented the buyer and seller.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $30,300,000
- Loan Type: Refinance
- Loan Terms: 10-year fixed rate
The loan for this transaction was obtained in the amount of $30,300,000. It was a refinance loan with a fixed rate for a duration of 10 years.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93