First Citizens Bank & Trust Company Provides $8.15M Refinance Loan For Diamond Bar Office
FINANCED
$8,150,000
California
See Similar DealsOffice140,000 SF
Financed 08/14/2023
FINANCED
First Citizens Bank & Trust Company Provides $8.15M Refinance Loan For Diamond Bar Office
21015 Pathfinder Road & 21073 Pathfinder Road
See Similar DealsOffice140,000 SF
Financed 08/14/2023
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$58
Total Square Footage:140,000 SF
Transaction Type:Loan
The property involved in this transaction is an office building located at 21015-21073 Pathfinder Road in Diamond Bar, CA. It spans a total area of 70,000 square feet. The property is owned by Guarding Angel Properties, with Kenneth Chang as the landlord's representative, and is being refinanced.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $8,150,000
- Lender: First Citizens Bank & Trust Company
- Landlord: Guarding Angel Properties - Kenneth Chang
- Landlord's Representative: Jamie H. Kim - The Phronesis Group
- Loan Type: Refinance
The lender in this refinance deal is First Citizens Bank & Trust Company. The landlord, Guarding Angel Properties, is represented by Jamie H. Kim from The Phronesis Group. This transaction involves a loan amount of $8,150,000.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,150,000.00
Monthly NOI$54,333.33
Monthly Debt Service$51,513.54
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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