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Bank OZK Provides $54.7M Loan For Office Property In West Adams

Property Image
FINANCED
$54,730,000
Spencer Richley
Jeff Sause
Paul Brindley

California

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Office107,199 SF
Financed 05/24/2020
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Property Image
FINANCED

Bank OZK Provides $54.7M Loan For Office Property In West Adams

3609 10th Ave, Los Angeles, CA, USA

See Similar Deals
Office107,199 SF
Financed 05/24/2020
Spencer Richley
Jeff Sause
Paul Brindley
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$510
Total Square Footage:107,199 SF
Transaction Type:Loan

The property involved in this closed transaction is an office located at 3609 10th Avenue in the West Adams market. The transaction took place on 05/24/2021.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $54,730,000
  • Square Footage: 107,199
  • Address: 3609 10th Avenue
  • Market: West Adams

The lender for this transaction was Bank OZK represented by Aram Zakian. Related Fund Management also participated in the loan. The landlord of the property is The Luzzatto Company, represented by Asher Luzzotto. JLL, represented by Paul Brindley, Jeff Sause, and Spencer Richley, acted as the brokers for this deal.

Players

Paul Brindley
JLL
Paul Brindley
6 deals$465.3M volume
BROKER
Jeff Sause
JLL
Jeff Sause
33 deals$1.6B volume
BROKER
Spencer Richley
JLL
Spencer Richley
3 deals$141.1M volume
BROKER
Bank OZK
Bank OZK
LENDER
The Luzzatto Company
The Luzzatto Company
LANDLORD

Details

FINANCED
IMAGE: Aram Zakian, Paul Brindley, Asher Luzzotto, Jeff Sause, Marc Luzzatto, Spencer Richley & Jeff Blau DATE: 05/24/2021 ADDRESS: 3609 10th Avenue MARKET: West Adams ASSET TYPE: Office LENDER: Bank OZK - Aram Zakian & Related Fund Management LANDLORD: The Luzzatto Company - Asher Luzzotto BROKERS: Paul Brindley, Jeff Sause & Spencer Richley - JLL LOAN AMOUNT: $54,730,000 SF: 107,199

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$54,730,000.00

Monthly NOI$364,866.67
Monthly Debt Service$345,930.83
Change in Cash Flow$0.00
Refinance Proceeds$0.00