Ally Commercial Real Estate Refinances Office Building In Sherman Oaks For $8.5M

The property involved in this transaction is an office located at 12925 Riverside Dr. in Sherman Oaks. It has a total area of 39,176 square feet. The transaction took place on 05/13/2022.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $8,500,000
• Market: Sherman Oaks
• Loan Type: Refinance
• Loan Terms: 65% LTV, 10 Year Fixed, 30 Year Amortization, 3.90% Fixed

In this deal, the loan amount obtained for the property was $8,500,000. It was a refinancing loan. The loan terms included a 65% loan-to-value ratio, a 10-year fixed term, a 30-year amortization schedule, and a fixed interest rate of 3.90%.

Please reach out to Trevor Damyan, a Capital Markets Director at Ally Commercial Real Estate, for more information. You can contact Trevor at [email protected] or call 805.455.0051.