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Zions Bank Provides $25.1M Refinance Loan For Woodland Hills Office Property

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FINANCED
$25,100,000

California

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Office250,043 SF
Financed 12/22/2022
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Property Image
FINANCED

Zions Bank Provides $25.1M Refinance Loan For Woodland Hills Office Property

20950 Warner Center Lane

See Similar Deals
Office250,043 SF
Financed 12/22/2022
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$100
Total Square Footage:250,043 SF
Transaction Type:Loan

The office property located at 20950 Warner Center Lane in Woodland Hills has been involved in a recent loan transaction. The property, spanning 250,043 square feet, was refinanced using a loan from Zions Bank, amounting to $25,100,000. The property is owned by LLJ Ventures & Adler Realty Investments.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $25,100,000
  • Address: 20950 Warner Center Lane
  • Market: Woodland Hills
  • Lender: Zions Bank
  • Landlord: LLJ Ventures & Adler Realty Investments

The loan transaction was facilitated by brokers Malcolm Davies and Zack Streit from WAY Capital. The refinance deal was successfully completed, providing necessary funds for the property.

Players

Zachary (Zack) Streit
29 deals$957.8M volume
BROKER

Malcolm Davies
WAY Capital
25 deals$1.8B volume
BROKER

Zions Bank
LENDER


Details

FINANCED
IMAGE: Malcolm Davies, Zack Streit DATE: 12/22/2022 ADDRESS: 20950 Warner Center Lane MARKET: Woodland Hills ASSET TYPE: Office ~ SF: 250,043 LENDER: Zions Bank (@ZionsBank) LANDLORD: LLJ Ventures & Adler Realty Investments BROKERS: Malcolm Davies (@Malcolmpdavies) & Zack Streit (@Zackdstreit) - WAY Capital (@WAYCapitalCRE) LOAN AMOUNT: $25,100,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$25,100,000.00

Monthly NOI$167,333.33
Monthly Debt Service$158,649.07
Change in Cash Flow$0.00
Refinance Proceeds$0.00