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9809 Regent Street, Los Ang...

Banc Of California Provides $2.7M Acquisition Loan For Culver City Multifamily Property
FINANCEDMultiFamily

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

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

Eric Gleitman

Mercury Capital Markets

Broker

$126.1M

vol

24 deals

Broker
Banc Of California
Banc Of CaliforniaLender

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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