Harkham Ventures Secures $7.5M Refinance Loan From IDB Bank For Slime Museum In Los Angeles
FINANCED
California
See Similar DealsRetail13,900 SF
Financed 05/15/2025
FINANCED
Harkham Ventures Secures $7.5M Refinance Loan From IDB Bank For Slime Museum In Los Angeles
157 South Fairfax Avenue
See Similar DealsRetail13,900 SF
Financed 05/15/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$5,395
Total Square Footage:13,900 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$75,000,000.00
Monthly NOI$500,000.00
Monthly Debt Service$474,051.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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