Updated Oct 29, 2024
Parkview Financial Provides $35M Construction Loan For Retail Property In Los Angeles
1200 Nagoya Way, Los Angeles, CA
$35
$0/SF
Building Size
1,841,306 SF
Asset Type
Retail
Closing
Nov 10, 2022
About this deal
AI
The recently closed loan transaction involves a retail property located at 1200 Nagoya Way in Los Angeles, CA. The property spans approximately 1,841,306 square feet. The loan was provided by Parkview Financial, represented by Paul Rahimian. The construction loan amount was $35,000,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $35,000,000
- Address: 1200 Nagoya Way, Los Angeles, CA
- Market: Los Angeles, CA
- Lender: Parkview Financial - Paul Rahimian
- Landlord: The Ratkovich Company - Brian Saenger; Jerico Development
- Broker: JLL
JLL played a role as the broker in facilitating the loan transaction for this retail property.
Players
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
453228.57%
Cash-on-Cash
-129534.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93