Logan Investments Provides $2M Loan For Los Angeles Parking Lot Acquisition
1015 Hilgard Avenue, Los Angeles, California 90024, United States
$2,000,000
$46/SF
Building Size
43,410 SF
Asset Type
Other
Closing
Dec 29, 2021
AI
The parking lot located at 1015 Hildard Ave in Los Angeles has recently been involved in a closed transaction. The property spans an area of 43,410 square feet and is owned by landlord Barry Bitter. The transaction was facilitated by broker Ron Sentchuk from Logan Investments.
Summary of transaction details:
- Property Type: Parking Lot
- Transaction Amount: Not specified
- Address: 1015 Hildard Ave
- Market: Los Angeles
- Asset Type: Parking Lot
- Square Footage: 43,410
Logan Investments provided a loan of $2,000,000 for this transaction. The loan terms are set for 12 months. The specific loan type is described as "Other." Ron Sentchuk from Logan Investments acted as the broker in this deal.
Players
Los Angeles Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93