Banc Of California Provides $2.7M Acquisition Loan For Culver City Multifamily Property
9809 Regent Street, Los Angeles, CA, USA
$2,700,000
$337/SF
Building Size
8,000 SF
Asset Type
MultiFamily
Closing
Sep 15, 2021
AI
The multifamily property located at 9809 Regent St. in Culver City has been involved in a recent transaction. The property spans approximately 8,000 square feet and is situated in the Culver City market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Loan Amount: $2,700,000
- Loan Type: Acquisition
- Lender: Banc Of California
- Brokers: Eric Gleitman & Zach Thurm - Mercury Capital Markets
The loan for this transaction was provided by Banc Of California. Representing the deal were brokers Eric Gleitman and Zach Thurm from Mercury Capital Markets.
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93