HIG Realty Partners Provides $51.3M Loan For Irvine Office Property
FINANCED
$51,310,000
California
See Similar DealsOffice110,392 SF
Financed 07/09/2020
FINANCED
HIG Realty Partners Provides $51.3M Loan For Irvine Office Property
114 Pacifica Court, Westlake Village, CA, USA
See Similar DealsOffice110,392 SF
Financed 07/09/2020
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$464
Total Square Footage:110,392 SF
Transaction Type:Loan
The office property located at 114 Pacifica Court in Irvine was recently involved in a loan transaction on July 9, 2021. The property, spanning across 110,392 square feet, is owned by Meridian & Harrison Street and is situated in the Irvine market.
Summary of transation details
- Property Type: Office
- Transaction Amount: $51,310,000
- Date: 07/09/2021
- Address: 114 Pacifica Court
- Market: Irvine
- Lender: HIG Realty Partners
- Landlord: Meridian & Harrison Street
- Brokers: John Chun - JLL Capital Markets
- Loan Amount: $51,310,000
- SF: 110,392
In this transaction, the loan was provided by HIG Realty Partners. Representing the property owner, Meridian & Harrison Street, the brokers involved in the deal were John Chun from JLL Capital Markets.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$51,310,000.00
Monthly NOI$342,066.67
Monthly Debt Service$324,314.10
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions