Updated Oct 29, 2024
Deutsche Bank And Square Mile Provide $231.6M Loan For Culver City Property
5790 West Jefferson Boulevard, Culver City, CA, USA
$231,600,000
$725/SF
Building Size
319,395 SF
Asset Type
Office
Closing
Dec 4, 2018
About this deal
AI
5790 West Jefferson Boulevard in Culver City has been involved in a recent financial transaction. The property, owned by Samitaur Constructs, obtained a loan from Deutsche Bank and Square Mile in the amount of $231,600,000. This loan was secured by the property, which spans a total of 319,395 square feet.
Summary of transaction details
- Property Type: Not specified
- Transaction Amount: $231,600,000
- Date: 12/05/2018
- Market: Culver City
Laurie Samitaur Smith and Frederick Samitaur Smith are the individuals mentioned in connection with this loan transaction. They are associated with the property as landlords or owners.
Players
Culver City 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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93