J.P. Morgan Provides $56.4M Loan For Retail Property In DTLA
1111 South Broadway, Los Angeles, CA 90015, USA
$56,400,000
$19,542/SF
Building Size
2,886 SF
Asset Type
Retail
Closing
Jan 17, 2019
AI
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
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93