Updated Nov 17, 2023
Convoy Capital Secures $21.8M Loan For Multifamily Property In Sherman Oaks
Sherman Oaks, Los Angeles, CA, USA
$21,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 12, 2020
About this deal
AI
A multifamily property in Sherman Oaks recently closed a loan transaction, with a loan amount of $21,800,000. The loan terms include a 5-year fixed rate at 3.25% and a prepayment penalty of 2-1-0-0-0%. The borrower also had the option for a cash-out refinance.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $21,800,000
- Market: Sherman Oaks
Tyler Bradford of Convoy Capital represented the parties involved in this loan transaction.
The multifamily loan at Sherman Oaks, Los Angeles, CA, USA in Sherman Oaks, California financed for $21.8M in 2020. Sherman Oaks, Los Angeles, CA, USA is classified as Multifamily on Traded. Named participants on the Sherman Oaks, Los Angeles, CA, USA loan are Tyler Bradford. This page is the Sherman Oaks, California file for the Sherman Oaks, Los Angeles, CA, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Sherman Oaks sit in the Market section below. Filter that Sherman Oaks multifamily set by closing date to see what else financed near Sherman Oaks, Los Angeles, CA, USA around 2020. Published consideration for Sherman Oaks, Los Angeles, CA, USA is $21.8M, dated 2020. Cite this Convoy Capital Secures $21.8M Loan For Multifamily Property In Sherman Oaks loan when underwriting similar multifamily product around Sherman Oaks, California.
On the Map
$21,800,000
MultiFamily
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Players
Sherman Oaks MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Browse California multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93