Updated Sep 17, 2025
First Wholesale Lending Inc. Provides $5.61M Loan For West Los Angeles Office Acquisition
11545 West Olympic Boulevard, Los Angeles, California 90064, United States
$5,610,000
$726/SF
Building Size
7,722 SF
Asset Type
Office
Closing
May 30, 2022
About this deal
AI
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
Los Angeles Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93