Ladder Capital Provides $25.5M Loan For Koreatown Retail Property
3465 West 6th Street, Los Angeles, CA 90020
$25,500,000
$593/SF
Building Size
43,000 SF
Asset Type
Retail
Closing
Jul 19, 2020
AI
The retail property located at 3465 West Sixth Street in Koreatown has been involved in a closed transaction. The loan amount for this property was $25,500,000, and it spans across 43,000 square feet. The lender in this deal was Ladder Capital, while the landlord was Arc Capital Partners.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $25,500,000
- Address: 3465 West Sixth Street
- Market: Koreatown
- Lender: Ladder Capital
- Landlord: Arc Capital Partners
The brokers involved in this deal were Malcolm Davies, Drew Sandler, Alexander Rossinsky, Ben Tracy, Brandon Asherian, Aiden Moran, and Zack Streit, represented by The Davies Group from George Smith Partners.
No additional information is available regarding this closed transaction.
Players
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
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93