Updated Oct 29, 2024
Ladder Capital Provides $31M Loan For Office Building On Wilshire Blvd In Beverly Hills
9300 Wilshire Boulevard, Beverly Hills, CA 90212, USA
$31,000,000
$2,968/SF
Building Size
10,444 SF
Asset Type
Office
Closing
Apr 11, 2019
About this deal
AI
The property involved in this closed transaction is an office located at 9300 Wilshire Blvd in the Beverly Hills - Golden Triangle market. The loan for this transaction was provided by Ladder Capital, with a total amount of $31M. The brokers involved in the deal were David Oheb and Meir Schlusselberg from teamoheb and meridian.capital.group respectively.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $31M
- Address: 9300 Wilshire Blvd
- Market: Beverly Hills - Golden Triangle
In this transaction, David Oheb and Meir Schlusselberg represented the buyer, seller, landlord, or tenant as brokers from their respective agencies. This deal was finalized on 04/12/2019. The image provided with the Instagram post by @DavidOheb and @MeirSchlusselberg showcases the property.
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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93