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Convoy Capital Secures $44.6M Loan For Multifamily Portfolio In West Hollywood & Sherman Oaks

Property Image
FINANCED
$44,610,000

California

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MultiFamily
Financed 06/29/2020
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Property Image
FINANCED

Convoy Capital Secures $44.6M Loan For Multifamily Portfolio In West Hollywood & Sherman Oaks

West Hollywood, CA, USAWest Hollywood

See Similar Deals
MultiFamily
Financed 06/29/2020
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan

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].

Players

Tyler Bradford
Tyler Bradford
9 deals$180.5M volume
BROKER

Details

FINANCED
IMAGE: Tyler Bradford DATE: 06/29/2021 MARKET: West Hollywood & Sherman Oaks ASSET TYPE: Multifamily BROKER: Tyler Bradford (@TBradford1010) - Convoy Capital (@Convoy_Capital) LOAN AMOUNT: $44,610,000 UNITS: 157 LOAN TERMS: 5 building refinance portfolio, 5-year fixed at 3.25%, 3-2-1% prepayment penalty, max cash-out, 157 total units. NOTES: Tyler was able to get the lender to waive the 1% prepayment penalty. For more information, contact Tyler at [email protected].

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$44,610,000.00

Monthly NOI$297,400.00
Monthly Debt Service$281,965.55
Change in Cash Flow$0.00
Refinance Proceeds$0.00