FINANCED
Continental Partners Provides $3.69M Loan For Beverly Hills Office Acquisition
1100 South Beverly Drive
Office
7,160 SF
7,160 SF
Financed 70 days ago
Summary
Loan
CALIFORNIA
Office
7,160 sqft
The office property located at 1100 South Beverly Drive in Beverly Hills spans 7,160 square feet and was involved in an acquisition loan totaling $3,690,000. The loan was structured at 90% of the purchase price between 1st and 2nd trust deeds, with a fixed term of 25 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,690,000
- Market: Beverly Hills
- Lender: Continental Partners
- Landlord: Ardy Pirnia - Pirnia Law Group
The loan for the office property was secured with the expertise of JM Grimaldi from Continental Partners, who represented the lender in the deal.
Players
All
2
Agents
1
Agencies
1
Details
FINANCED
IMAGE: JM Grimaldi & Ardy Pirnia
DATE: 02/20/2024
ADDRESS: 1100 South Beverly Drive
MARKET: Beverly Hills
ASSET TYPE: Office ~ SF: 7,160
LENDER: Continental Partners (@ContiPartners)
LANDLORD: Ardy Pirnia (@Uncle.Ardy) - Pirnia Law Group (@PirniaLawGroup)
LENDER'S REP: JM Grimaldi (@Watchtog) - Continental Partners
LOAN AMOUNT: $3,690,000
LOAN TYPE: Acquisition Loan
LOAN TERMS: 25 years fixed @ 90% LTPP
NOTE FROM LENDER'S REP: Loan proceeds were structured at 90% of purchase price between 1st and 2nd trust deeds. Both loans are fixed for 25 years with the 1st trust deed priced at 6.78% and the 2nd at 6.381%.View on map
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Address1100 South Beverly Drive
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