Updated Oct 28, 2024
Banc Of California Provides $4.95M Loan For Package Deal In Los Angeles
1843 South Gramercy Place, Los Angeles, CA, USA
$4,950,000
$503/SF
Building Size
9,828 SF
Asset Type
Other
Closing
Jul 21, 2020
About this deal
AI
1843 S. Gramercy Pl. & 3066 W. 15th St, located in Los Angeles, was involved in a package deal transaction. The loan amount for this deal was $4,950,000. The lender, Banc of California, provided the financing for this transaction.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $4,950,000
- Lender: Banc of California
- Brokers: Eric Gleitman & Zach Thurm - Mercury Capital Markets
Eric Gleitman and Zach Thurm, representing Mercury Capital Markets, played a crucial role as brokers in this transaction. They assisted in facilitating the deal for both the buyer and the lender. Their expertise and negotiation skills were instrumental in the successful completion of this package deal.
On the Map
$4,950,000
$503/SF
Other
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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
3.20%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93