facebook
Traded Co logo
Submit

Convoy Capital Arranges $25M Loan For Pacific Palisades Multifamily Property

Property Image
FINANCED
$25,000,000

California

See Similar Deals
MultiFamily
Financed 04/27/2021
the dealplayerscompscontact
Property Image
FINANCED

Convoy Capital Arranges $25M Loan For Pacific Palisades Multifamily Property

Pacific Palisades, Los Angeles, CA, USA

See Similar Deals
MultiFamily
Financed 04/27/2021
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $25,000,000

The asset involved in this transaction is a multifamily property located in Pacific Palisades. The loan for this property was secured on April 27, 2021, with a loan amount of $25,000,000. The terms of the loan include a 5-year fixed term with a 3.20% interest rate and a 3-2-1% prepayment penalty. The purpose of the loan is a max cash-out refinance.

Representing the transaction are brokers Tyler Bradford from TBradford1010 and Convoy Capital from Convoy_Capital.

Players

Tyler Bradford
Tyler Bradford
9 deals$180.5M volume
BROKER

Details

FINANCED
IMAGE: Tyler Bradford DATE: 04/27/2021 MARKET: Pacific Palisades ASSET TYPE: Multifamily BROKERS: Tyler Bradford @TBradford1010 & Convoy Capital @Convoy_Capital LOAN AMOUNT: $25,000,000 TERM: 5-Year Fixed, 3.20%, 3-2-1% Prepayment Penalty, Max Cash-Out Refinance

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$25,000,000.00

Monthly NOI$166,666.67
Monthly Debt Service$158,017.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00