Cathay Bank Provides $7.5M Construction Loan For Retail Property In Whittier
13541 Telegraph Road, Whittier, California 90605, United States
$7,500,000
$49/SF
Building Size
150,282 SF
Asset Type
Retail
Closing
May 2, 2022
AI
The retail property located at 13541 Telegraph Rd in Whittier was involved in a recent closed transaction. The property spans a total of 150,282 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,500,000
- Market: Whittier
The lender in this transaction was Cathay Bank. The loan obtained for this deal amounted to $7,500,000 and was of the construction type. Marcus & Millichap Capital Corporation represented the two brokers involved in the deal, Stefen Chraghchian and Sharone Sabar.
Players
Whittier Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93