Banc Of California Provides $2.7M Acquisition Loan For Culver City Multifamily Property
FINANCED
$2,700,000
California
See Similar DealsMultiFamily8,000 SF
Financed 09/15/2021
FINANCED
Banc Of California Provides $2.7M Acquisition Loan For Culver City Multifamily Property
9809 Regent Street, Los Angeles, CA, USA
See Similar DealsMultiFamily8,000 SF
Financed 09/15/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$337
Total Square Footage:8,000 SF
Transaction Type:Loan
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
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,700,000.00
Monthly NOI$18,000.00
Monthly Debt Service$17,065.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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