BH Properties Provides $75M Acquisition Loan For Office Building In Los Angeles
445 North Figueroa Street
$75,000,000
$106/SF
Building Size
701,888 SF
Asset Type
Office
Closing
Mar 30, 2023
AI
The property involved in this transaction is an office building located at 445 S Figueroa Street in Los Angeles. The property has a total square footage of 701,888. The transaction took place between the landlord, Waterbridge Capital, and the borrower, BH Properties.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $75,000,000
The loan was provided by BH Properties as an acquisition loan. The brokers involved in the deal were Sean Fulp, Mark Schuessler, Ryan Plummer, and Jason Roth from Colliers. They represented the borrower in the transaction.
Players
Market 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93