John Karubian Of Forsat Secures $48 Million Refinance Loan From Wells Fargo For Retail Asset
FINANCED
$48,000,000
California
See Similar DealsRetail
Financed 10/30/2025
FINANCED
John Karubian Of Forsat Secures $48 Million Refinance Loan From Wells Fargo For Retail Asset
3747 South La Brea Avenue
See Similar DealsRetail
Financed 10/30/2025
Summary
CALIFORNIA
Asset Type:Retail
Transaction Type:Loan
The property asset involved in this transaction is a retail space located at 3747 South La Brea Avenue in the Los Angeles market. The loan amount secured for this asset is $48,000,000, and it represents a refinance arrangement. The landlord managing this property is John Karubian from Forsat.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $48,000,000
- Lender: Wells Fargo
- Landlord: John Karubian - Forsat
- Brokers: Alex Olson, Jalynn Borders & Danny Ryan - JLL
- Loan Type: Refinance
The deal was facilitated by brokers Alex Olson, Jalynn Borders, and Danny Ryan, who are affiliated with JLL. They played a crucial role in navigating the refinancing process for the landlord, ensuring successful completion of this transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$48,000,000.00
Monthly NOI$320,000.00
Monthly Debt Service$303,392.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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