First Wholesale Lending Inc. Provides $5.61M Loan For West Los Angeles Office Acquisition
FINANCED
$5,610,000
California
See Similar DealsOffice7,722 SF
Financed 05/31/2022
FINANCED
First Wholesale Lending Inc. Provides $5.61M Loan For West Los Angeles Office Acquisition
11545 West Olympic Boulevard, Los Angeles, California 90064, United States
See Similar DealsOffice7,722 SF
Financed 05/31/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$726
Total Square Footage:7,722 SF
Transaction Type:Loan
Located at 11545 W. Olympic Blvd. in West Los Angeles, this office property spans a total of 7,722 square feet. The transaction involved an acquisition loan provided by First Wholesale Lending Inc.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,610,000
- Loan Type: Acquisition
- Loan Terms: 3.85% - 10 Year Fixed at 85% LTV
- Lender: First Wholesale Lending Inc.
- Broker: Michael Hendizadeh - First Wholesale Lending Inc.
Michael Hendizadeh, representing First Wholesale Lending Inc., facilitated the loan for this transaction. For further details or loan requests, you can contact Michael Hendizadeh at [email protected] or 818-943-6669.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,610,000.00
Monthly NOI$37,400.00
Monthly Debt Service$35,459.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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