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Bolour Associates Provides $6.75M Loan For Retail Property On S. Beverly Drive In Beverly Hills

Property Image
FINANCED
$6,750,000
Ron Balys
Mark Bolour
Steven Simantob

California

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Retail3,584 SF
Financed 05/31/2020
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Property Image
FINANCED

Bolour Associates Provides $6.75M Loan For Retail Property On S. Beverly Drive In Beverly Hills

249 South Beverly Drive, Beverly Hills, CA, USA

See Similar Deals
Retail3,584 SF
Financed 05/31/2020
Ron Balys
Mark Bolour
Steven Simantob
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,883
Total Square Footage:3,584 SF
Transaction Type:Loan

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.

Players

Ron Balys
Marcus & Millichap
Ron Balys
14 deals$177.9M volume
BROKER
Mark Bolour
Bolour Associates
Mark Bolour
12 deals$138.8M volume
LENDER
Steven Simantob
Bolour Associates
Steven Simantob
4 deals$31.6M volume
LENDER
Bolour Associates
Bolour Associates
LENDER

Details

FINANCED
IMAGE: Ron Balys, Steven Simantob & Mark Bolour DATE: 05/31/2021 ADDRESS: 249 S. Beverly Drive MARKET: Beverly Hills ASSET TYPE: Retail LENDER: Bolour Associates - Steven Simantob (@StevenSimantob) & Mark Bolour (@Bolour_CRE) BROKER: Ron Balys (@RBalys) - The Balys Group (@TheBalysGroup) LOAN AMOUNT: $6,750,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$6,750,000.00

Monthly NOI$45,000.00
Monthly Debt Service$42,664.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00