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Lucent Capital Secures $41 Million Refinance Loan For 288 Santa Anita Avenue Office Portfolio

Property Image
FINANCED
$41,000,000

California

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Office87,058 SF
Financed
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Property Image
FINANCED

Lucent Capital Secures $41 Million Refinance Loan For 288 Santa Anita Avenue Office Portfolio

Office87,058 SF
Financed
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$471
Total Square Footage:87058 SF
Transaction Type:Loan

The property asset involved in this transaction is an office located at 288 Santa Anita Avenue, Southern California, and encompasses a total of 87,058 square feet. The loan amount secured for this asset is $41,000,000, categorized under a refinance loan type structured as a 6 Property MOB Portfolio Refinancing.

Summary of transaction details:

Key individuals involved in the transaction include Adam Emrani, Isaac Gabai, and Leah Emrani, who represent Lucent Capitalas the brokers facilitating the loan arrangement. Adam Emrani can be contacted at [email protected] or by phone at 310.876.8456.

Players

4 deals$89.1M volume(310) 876-8456
BROKER

Isaac Gabai
1 deal$41M volume
BROKER

Leah Emrani
1 deal$41M volume(818) 606-1646
BROKER

Details

FINANCED
IMAGE: Adam Emrani, Isaac Gabai & Leah Emrani DATE: 10/14/2024 ADDRESS: 288 Santa Anita Avenue MARKET: Southern California ASSET TYPE: Office ~ SF: 87,058 LENDER: Lucent Capital BROKERS: Adam Emrani, Isaac Gabai & Leah Emrani - Lucent Capital LOAN AMOUNT: $41,000,000 LOAN TYPE: Refinance LOAN TERMS: 6 Property MOB Portfolio Refi NOTE FROM BROKER: Adam Emrani [email protected] 310.876.8456

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$41,000,000.00

Monthly NOI$273,333.33
Monthly Debt Service$259,147.89
Change in Cash Flow$0.00
Refinance Proceeds$0.00