Updated Jul 11, 2025
Nick Blatin Lends $6 Million Bridge Loan For Office Buildings In Beverly Hills
9018 West Olympic Boulevard & 9024 West Olympic Boulevard
$6,000,000
$542/SF
Building Size
5,000 SF
Asset Type
Office
Closing
Jul 9, 2025
About this deal
AI
The property asset involved in this transaction consists of office buildings located at 9018 West Olympic Boulevard and 9024 West Olympic Boulevard in Beverly Hills. The total square footage of the asset is 11,058, and it comprises 3 units. The loan associated with this asset amounts to $6,000,000, structured as a bridge loan for a term of 18 months.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,000,000
- Lender: Nick Blatin
- Landlord's Rep: Christopher Khoi & Tom Waycott - RCP Finance
- Loan Type: Bridge
- Loan Terms: 18 Months
This transaction showcases the involvement of Private Money Solutions, which successfully funded and recorded the bridge loan for this office building. Notably, the process was completed without requiring an appraisal, and arrangements were made for the borrower to sign loan documents from another continent.
Players
Beverly Hills 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93