Updated Oct 28, 2024
New York Life Provides $47.5M Refinance Loan For Tarzana Office Property
5411 Etiwanda Avenue, Tarzana, California 91356, United States
$47,500,000
$527/SF
Building Size
90,000 SF
Asset Type
Office
Closing
Mar 16, 2022
About this deal
AI
Located at 5411 Etiwanda Ave in Tarzana, this office property spans across 90,000 square feet. The transaction, which took place on March 17, 2022, involved a refinance loan.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $47,500,000
- Loan Type: Refinance
- Loan Terms: 11 year term, rate fixed at 3.26%
The lender for this transaction was New York Life, and the landlord is Steve Loo, represented by Brad Sevier from Highland Realty Capital.
The office loan at 5411 Etiwanda Avenue, Tarzana, California 91356, United States in Los Angeles, California financed for $47.5M in 2022. The building is 90,000 square feet, implying about 527 per square foot on the published price. Named participants on the 5411 Etiwanda Avenue, Tarzana, California 91356, United States loan are Brad Sevier. This page is the Los Angeles, California file for the 5411 Etiwanda Avenue, Tarzana, California 91356, United States office financed: pricing, party profiles, and other closed office comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles office set by closing date to see what else financed near 5411 Etiwanda Avenue, Tarzana, California 91356, United States around 2022. Published consideration for 5411 Etiwanda Avenue, Tarzana, California 91356, United States is $47.5M, dated 2022. Cite this New York Life Provides $47.5M Refinance Loan For Tarzana Office Property loan when underwriting similar office product around Los Angeles, California.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.33%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93