Gregory K. Kavoklis Secures $5.45M Refinance For 12,500 SF Medical Office In San Francisco
FINANCED
$5,450,000
California
See Similar DealsOffice12,500 SF
Financed 07/22/2024
FINANCED
Gregory K. Kavoklis Secures $5.45M Refinance For 12,500 SF Medical Office In San Francisco
600 Alabama Street
See Similar DealsOffice12,500 SF
Financed 07/22/2024
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$436
Total Square Footage:12,500 SF
Transaction Type:Loan
The transaction involves a medical office building located at 600 Alabama Street, San Francisco, CA, covering an area of 12,500 square feet. A refinance loan amounting to $5,450,000 has been secured for this property, with specific financing terms tailored to the needs of the borrower.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,450,000
- Loan Type: Refinance
- Loan Features: 10-Year loan with a 30-year amortization, no prepayment penalty provisions, and 2 years of interest only
- Broker: Gregory K. Kavoklis - Matthews Real Estate Investment Services
Gregory K. Kavoklis is the representative in this transaction, supported by Matthews Real Estate Investment Services. He can be reached at [email protected] or via direct line at 818.206.5835 for further inquiries about this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,450,000.00
Monthly NOI$36,333.33
Monthly Debt Service$34,447.71
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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