Updated Mar 11, 2025
Hanmi Bank Provides $9.3M Loan For Thousand Oaks Office Property - Kovi Elkus
Thousand Oaks, CA, USA
$9,300,000
Building Size
—
Asset Type
Office
Closing
Jun 2, 2020
About this deal
AI
Hanmi Bank provided a loan of $9,300,000 for the purchase of an office property in Thousand Oaks. The transaction took place on June 2, 2021, and Kovi Elkus from the Kovi Elkus agency represented the buyer as the broker in the deal.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,300,000
- Lender: Hanmi Bank
- Broker: Kovi Elkus
- Term: 5-Year Term, 3.4% with Flexible Prepay
It is worth noting that the loan comes with a 5-year term and a flexible prepayment option at an interest rate of 3.4%. This provides the buyer with flexibility in managing their financial obligations related to the property.
On the Map
$9,300,000
Office
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Players
Thousand Oaks 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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93