Goldman Sachs Provides $80 Million Refinance Loan To Continental Development Corporation In Los Angeles
FINANCED
California
See Similar DealsOffice162,031 SF
Financed 03/31/2026
FINANCED
Goldman Sachs Provides $80 Million Refinance Loan To Continental Development Corporation In Los Angeles
4800 Alla Road
See Similar DealsOffice162,031 SF
Financed 03/31/2026
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$493
Total Square Footage:162,031 SF
Transaction Type:Loan
The property asset involved in this transaction is an office located at 4800 Alla Road in the Los Angeles market. The asset encompasses a total square footage of 162,031 and is refinanced with a loan amount of $80,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $80,000,000
- Loan Type: Refinance
- Loan Terms: 5 years
- Lender: Goldman Sachs
- Landlord: Continental Development Corporation & Mar Ventures
- Brokers: Patrick Brown & David N. Sonnenblick - Sonnenblick-Eichner Company
The refinancing aligns with a five-year, fixed-rate, interest-only financing model that successfully refinanced a construction loan for the property. The property was developed in 2020 by the sponsor.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$80,000,000.00
Monthly NOI$533,333.33
Monthly Debt Service$505,654.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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