Updated Dec 21, 2023
Convoy Capital Secures $44.6M Loan For Multifamily Portfolio In West Hollywood & Sherman Oaks
West Hollywood, CA, USAWest Hollywood
$44,610,000
Units
157
Asset Type
MultiFamily
Closing
Jun 29, 2020
About this deal
AI
A multifamily property in West Hollywood and Sherman Oaks has recently undergone a loan transaction. The loan was facilitated by Tyler Bradford from Convoy Capital.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $44,610,000
- Loan Terms: 5 building refinance portfolio, 5-year fixed at 3.25%, 3-2-1% prepayment penalty, max cash-out, 157 total units
- Units: 157
Tyler Bradford from Convoy Capital successfully negotiated the loan for the multifamily property, managing to secure a waiver for the 1% prepayment penalty. For further inquiries, Tyler can be contacted at [email protected].
On the Map
$44,610,000
MultiFamily
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Players
West Hollywood 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93