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445 North Figueroa Street

BH Properties Provides $75M Acquisition Loan For Office Building In Los Angeles
FINANCEDOffice

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

Mark Schuessler

Colliers

Broker

$1.3B

vol

37 deals

Broker
B.H. Properties
B.H. PropertiesLender

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