Ladder Capital Provides $25.5M Loan For Koreatown Retail Property
FINANCED
$25,500,000
+ 4
California
See Similar DealsRetail43,000 SF
Financed 07/19/2020
FINANCED
Ladder Capital Provides $25.5M Loan For Koreatown Retail Property
3465 West 6th Street, Los Angeles, CA 90020
See Similar DealsRetail43,000 SF
Financed 07/19/2020
+ 4
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$593
Total Square Footage:43,000 SF
Transaction Type:Loan
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
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$25,500,000.00
Monthly NOI$170,000.00
Monthly Debt Service$161,177.35
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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