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1015 Hilgard Avenue, Los An...

Logan Investments Provides $2M Loan For Los Angeles Parking Lot Acquisition
FINANCEDOther

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

Ron Sentchuk

Broker

$143.7M

vol

16 deals

Broker
Logan Investments
Logan InvestmentsLender

Barry Bitter

Landlord

$6.5M

vol

2 deals

Landlord

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