Deutsche Bank Provides $75M Loan For Retail Property At 21221 Hawthorne Boulevard, Torrance, CA
FINANCED
$75,000,000
California
See Similar DealsRetail181 SF
Financed 02/12/2022
FINANCED
Deutsche Bank Provides $75M Loan For Retail Property At 21221 Hawthorne Boulevard, Torrance, CA
21221 Hawthorne Boulevard, Torrance, California 90503, United States
See Similar DealsRetail181 SF
Financed 02/12/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$414,364
Total Square Footage:181 SF
Transaction Type:Loan
21221 Hawthorne Boulevard, located in Torrance, CA, is a retail property with a total square footage of 181,300. The transaction for this property involved a loan provided by Deutsche Bank and a landlord represented by DJM Capital's Lindsay Parton. The loan amount for this deal was $75,000,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $75,000,000
- Date: 12/02/2022
- Market: Torrance, CA
- Asset Type: Retail
- Square Footage: 181,300
- Lender: Deutsche Bank
- Landlord: DJM Capital - Lindsay Parton
In addition to the loan from Deutsche Bank, DJM Capital's Lindsay Parton played a key role as the landlord's representative in this deal.
Details
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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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