Logan Investments Provides $2M Loan For Los Angeles Parking Lot Acquisition
FINANCED
$2,000,000
California
See Similar DealsOther43,410 SF
Financed 12/30/2021
FINANCED
Logan Investments Provides $2M Loan For Los Angeles Parking Lot Acquisition
1015 Hilgard Avenue, Los Angeles, California 90024, United States
See Similar DealsOther43,410 SF
Financed 12/30/2021
Summary
CALIFORNIA
Asset Type:Other
Price Per Square Foot:$46
Total Square Footage:43,410 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,000,000.00
Monthly NOI$13,333.33
Monthly Debt Service$12,641.36
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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