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Convoy Capital Secures $21.8M Loan For Multifamily Property In Sherman Oaks

Property Image
FINANCED
$21,800,000

California

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MultiFamily
Financed 11/12/2020
the dealplayerscompscontact
Property Image
FINANCED

Convoy Capital Secures $21.8M Loan For Multifamily Property In Sherman Oaks

Sherman Oaks, Los Angeles, CA, USA

See Similar Deals
MultiFamily
Financed 11/12/2020
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan

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.

Players

Tyler Bradford
Tyler Bradford
9 deals$180.5M volume
BROKER

Details

FINANCED
IMAGE: Tyler Bradford DATE: 12/11/2020 MARKET: Sherman Oaks ASSET TYPE: Multifamily BROKER: Tyler Bradford @Convoy_Capital LOAN AMOUNT: $21,800,000 LOAN TERMS: 5 year fixed at 3.25%, 2-1-0-0-0% prepayment penalty, max cash-out refi

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$21,800,000.00

Monthly NOI$145,333.33
Monthly Debt Service$137,790.83
Change in Cash Flow$0.00
Refinance Proceeds$0.00