Updated Oct 12, 2026
Harkham Ventures Secures $7.5M Refinance Loan From IDB Bank For Slime Museum In Los Angeles
157 South Fairfax Avenue
$75,000,000
$5,395/SF
Building Size
13,900 SF
Asset Type
Retail
Closing
May 15, 2025
About this deal
AI
The asset involved in this transaction is a retail property located at 157 South Fairfax Avenue, known as the Slime Museum in Los Angeles. The total square footage of the property is 13,900, and a refinance loan was secured in the amount of $7,500,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,500,000
- Market: Los Angeles
- Lender: IDB Bank
- Landlord: Harkham Ventures
- Brokers: Marc Schillinger & Keaton Yellin - JLL
- Loan Type: Refinance
Marc Schillinger and Keaton Yellin of JLL represented the landlord, Harkham Ventures, in this transaction. The involvement of IDB Bank as the lender played a critical role in facilitating the refinance.
On the Map
$75,000,000
$5,395/SF
Retail
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Players
Los Angeles 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93