Noel Chico Secures $12.5 Million Refinance Loan For Office At 3371 Cahuenga Boulevard West

The property asset involved in this transaction is an office space located at 3371 Cahuenga Boulevard West, Los Angeles. The asset encompasses a total square footage of 45,000. The loan associated with this property amounts to $12,500,000, which is categorized as a refinance. The loan terms include a 24-month interest-only period, followed by a 30-year amortization, structured with a 7-year fixed period, and a prepayment penalty schedule of 3,2,1,0,0,0,0.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $12,500,000
• Loan Type: Refinance
• Loan Terms: 24-months Interest Only, 30-year amortization on a 7-year fixed
• Prepayment Penalty: 3,2,1,0,0,0,0
• Landlord: Noel Chico
• Lender's Representatives: Trevor Damyan, Andi Sabas, Ryan Bunting & Hugh Hoang - CLS CRE

This transaction features key individuals including Noel Chico, serving as the landlord, and Trevor Damyan, Andi Sabas, Ryan Bunting, and Hugh Hoang, who represent the lender through CLS CRE. Their involvement plays a crucial role in facilitating this refinance arrangement for the specified office property.