Updated Oct 7, 2025
Jordan Fried And Bob Dake Landlord Secures $26.65 Million Refinance Loan For Retail Asset
319 North Beverly Drive
$26,650,000
$1,903/SF
Building Size
14,000 SF
Asset Type
Retail
Closing
Sep 24, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 319 North Beverly Drive in Beverly Hills. The total square footage of the property is 14,000. The loan amount secured for this asset is $26,650,000, with the loan type being refinance.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $26,650,000
- Lender: Fortress Investment Group
- Landlord: Jordan Fried & Bob Dake
- Brokers: Chris Drew, Marc Schillinger, Michael DiCosimo, Keaton Yellin & Aaliyah St. Louis - JLL
- Date of transaction: 09/24/2025
This deal involved notable individuals from the brokerage firm JLL, including Chris Drew, Marc Schillinger, Michael DiCosimo, Keaton Yellin, and Aaliyah St. Louis. The collaboration between these brokers facilitated the refinancing process for the landlords, Jordan Fried and Bob Dake.
On the Map
$26,650,000
$1,903/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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93