Logan Investments Provides $8M Loan For Office Building In Beverly Hills
FINANCED
$8,000,000
California
See Similar DealsOffice15,322 SF
Financed 06/22/2020
FINANCED
Logan Investments Provides $8M Loan For Office Building In Beverly Hills
445 South Beverly Drive, Beverly Hills, CA, USA
See Similar DealsOffice15,322 SF
Financed 06/22/2020
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$522
Total Square Footage:15,322 SF
Transaction Type:Loan
An $8,000,000 loan has been issued for the office property located at 441-445 S. Beverly Drive in Beverly Hills. The loan is a 1st lien with an interest rate of 7.99% for a term of 2 years.
Summary of transation details
- Property Type: Office
- Transaction Amount: $8,000,000
- Address: 441-445 S. Beverly Drive, Beverly Hills
- Market: Beverly Hills
The lender for this loan is Logan Investments, and the landlord of the property is CommonWealth Properties. The broker representing the deal is Ron Sentchuk.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,000,000.00
Monthly NOI$53,333.33
Monthly Debt Service$50,565.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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