J.P. Morgan Provides $56.4M Loan For Retail Property In DTLA
FINANCED
$56,400,000
California
See Similar DealsRetail2,886 SF
Financed 01/18/2019
FINANCED
J.P. Morgan Provides $56.4M Loan For Retail Property In DTLA
1111 South Broadway, Los Angeles, CA 90015, USA
See Similar DealsRetail2,886 SF
Financed 01/18/2019
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$19,542
Total Square Footage:2,886 SF
Transaction Type:Loan
The retail property located at 1111 S. Broadway in DTLA has been involved in a closed transaction. The loan amount for this transaction was $56.4M. The lender for this loan was J.P. Morgan.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $56.4M
- Address: 1111 S. Broadway
- Market: DTLA
The landlord in this transaction was The Georgetown Company. The landlord's representatives involved in this deal were Todd Sugimoto, Jeff Sause, and Spencer Richley from HFF.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$56,400,000.00
Monthly NOI$376,000.00
Monthly Debt Service$356,486.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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