Updated Sep 5, 2024
Meridian Capital Group Facilitates $3.5M Acquisition Loan For Retail Property On Los Feliz Blvd
2918 Los Feliz Boulevard, Los Angeles, California 90039, United States
$3,500,000
$576/SF
Building Size
6,068 SF
Asset Type
Retail
Closing
Jun 1, 2022
About this deal
AI
Located at 2918-2924 Los Feliz Blvd in Los Angeles, this retail property spans an area of 6,068 square feet. The acquisition loan for this property was facilitated through the efforts of Seth Grossman and John Bianco from Meridian Capital Group. The loan amount secured for this transaction was $3,500,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,500,000
- Date: 06/02/2022
- Address: 2918-2924 Los Feliz Blvd.
- Market: Los Angeles
- Asset Type: Retail
- Square Footage: 6,068
Seth Grossman and John Bianco, representing Meridian Capital Group, were responsible for arranging the loan for this acquisition. Their expertise and efforts were instrumental in successfully securing the $3,500,000 loan for this retail property transaction.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93