The Luzzatto Company Secures $30M Loan For West Adams Office Building
FINANCED
$30,000,000
+ 1
California
See Similar DealsOffice56,000 SF
Financed 12/12/2019
FINANCED
The Luzzatto Company Secures $30M Loan For West Adams Office Building
3339 Exposition Place, Los Angeles, CA, USA
See Similar DealsOffice56,000 SF
Financed 12/12/2019
+ 1
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$535
Total Square Footage:56,000 SF
Transaction Type:Loan
The Luzzatto Company has closed a loan deal for an office property located at 3339 Exposition Place in the West Adams market. The loan amount for this deal was $30,000,000 with a fixed-rate term of 10 years. The office space spans across 56,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $30,000,000
- Address: 3339 Exposition Place
- Market: West Adams
The Luzzatto Company, represented by Asher Luzzatto, served as the landlord for this transaction. The brokering team responsible for this deal consisted of Paul Brindley, Jeff Sause, and Spencer Richley from JLL.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$30,000,000.00
Monthly NOI$200,000.00
Monthly Debt Service$189,620.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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