Updated Dec 4, 2024
First Citizens Bank & Trust Company Provides $8.15M Refinance Loan For Diamond Bar Office
21015 Pathfinder Road & 21073 Pathfinder Road
$8,150,000
$58/SF
Building Size
70,000 SF
Asset Type
Office
Closing
Aug 14, 2023
About this deal
AI
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.
Diamond Bar 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
1.95%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93