Updated Apr 22, 2026
Balbec Capital LP Provides $46,250,000 Refinance For 106-Unit Multifamily At 200 West Ocean Boulevard
200 West Ocean Boulevard
$46,250,000
Units
106
Asset Type
MultiFamily
Closing
Apr 15, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily unit located at 200 West Ocean Boulevard in Long Beach, featuring a total of 106 units. The transaction was financed through a refinance loan amounting to $46,250,000 provided by Balbec Capital LP.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $46,250,000
- Lender: Balbec Capital LP
- Landlord's Representative: Jeff Sause, Jacob Michael & Thomas Gonzalez - JLL
- Transaction Date: 04/15/2026
This transaction was facilitated by Jeff Sause, Jacob Michael, and Thomas Gonzalez, who represented the landlord through JLL. Their expertise contributed to the successful financing of the property in the Long Beach market.
On the Map
$46,250,000
MultiFamily
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Players
Long Beach 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93