Shawbrook Inc Secures $8.45 Million Refinance Loan For Medical Building In Glendale, California
FINANCED
$8,450,000
California
See Similar DealsOffice158,252 SF
Financed 12/19/2024
FINANCED
Shawbrook Inc Secures $8.45 Million Refinance Loan For Medical Building In Glendale, California
Office158,252 SF
Financed 12/19/2024
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$53
Total Square Footage:158,252 SF
Transaction Type:Loan
The asset involved in this transaction is an office property spanning 39,563 square feet. The loan amount associated with this property is $8,450,000, and it serves as a refinance transaction. The markets involved include Glendale, Torrance, Irvine, and Corona.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $8,450,000
- Loan Type: Refinance
- Brokers: Tim Moaeed, Daniel Zand & Matthew Roton - Shawbrook Inc
- Asset Size: 39,563 SF
- Market: Glendale, Torrance, Irvine & Corona
This transaction was completed in 7 days with no appraisal required. The note from the broker indicates that Shawbrook Capital is funding private purchase, refinance, cash-out, and second position loans with no appraisal in California for both residential and commercial properties.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,450,000.00
Monthly NOI$56,333.33
Monthly Debt Service$53,409.75
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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