Banc Of California Provides $4.95M Loan For Package Deal In Los Angeles
FINANCED
$4,950,000
California
See Similar DealsOther9,828 SF
Financed 07/21/2020
FINANCED
Banc Of California Provides $4.95M Loan For Package Deal In Los Angeles
1843 South Gramercy Place, Los Angeles, CA, USA
See Similar DealsOther9,828 SF
Financed 07/21/2020
Summary
CALIFORNIA
Asset Type:Other
Price Per Square Foot:$503
Total Square Footage:9,828 SF
Transaction Type:Loan
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.
Players
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,950,000.00
Monthly NOI$33,000.00
Monthly Debt Service$31,287.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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