Updated Dec 14, 2024
Bolour Associates Provides $6.75M Loan For Retail Property On S. Beverly Drive In Beverly Hills
249 South Beverly Drive, Beverly Hills, CA, USA
$6,750,000
$1,883/SF
Building Size
3,584 SF
Asset Type
Retail
Closing
May 31, 2020
About this deal
AI
A retail property located at 249 S. Beverly Drive in Beverly Hills has undergone a closed transaction. The deal involved a loan with a total amount of $6,750,000. The property is situated in the Beverly Hills market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,750,000
- Address: 249 S. Beverly Drive
- Market: Beverly Hills
The loan was provided by Bolour Associates, represented by Steven Simantob and Mark Bolour. Ron Balys of The Balys Group acted as the broker in this transaction.
On the Map
$6,750,000
$1,883/SF
Retail
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Players
Beverly Hills 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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93