Zions Bank Provides $25.1M Refinance Loan For Woodland Hills Office Property
20950 Warner Center Lane
$25,100,000
$100/SF
Building Size
250,043 SF
Asset Type
Office
Closing
Dec 22, 2022
AI
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
Market 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93