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Marcus & Millichap Secures $9.4 Million Loan For Ross-Anchored Retail Property In Los Angeles

Property Image
FINANCED
$9,400,000

California

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Retail
Financed 06/17/2025
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Property Image
FINANCED

Marcus & Millichap Secures $9.4 Million Loan For Ross-Anchored Retail Property In Los Angeles

420 South Alvarado Street

See Similar Deals
Retail
Financed 06/17/2025
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Loan

A retail property located at 420 South Alvarado Street in Los Angeles, anchored by Ross, involved a loan amount of $9,400,000. The financing was arranged for a private client demonstrating a noteworthy investment in this market.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $9,400,000
  • Loan Terms: 10-year non-recourse
  • Interest Rate: 6.57%
  • Broker: Bradley Buzil - Marcus & Millichap Capital Corporation
  • Buyer: Kam Mateen & Shervin Mateen

Bradley Buzil, as the Senior Director at Marcus & Millichap Capital Corporation, played a pivotal role in securing the financing for this transaction. The arrangement included full-term interest-only payments, highlighting the terms facilitated on behalf of the private clients involved.

Players

Bradley Buzil
Marcus & Millichap
Bradley Buzil
13 deals$105.7M volume(312) 888-1525
BROKER
Marcus & Millichap
Marcus & Millichap
BROKERAGE

Details

FINANCED
IMAGE: Bradley Buzil DATE: 06/17/2025 ADDRESS: 420 South Alvarado Street MARKET: Los Angeles ASSET TYPE: Retail BROKER: Bradley Buzil (@BBuzil) - Marcus & Millichap Capital Corporation (@MMCapCorp) BUYER: Kam Mateen & Shervin Mateen LOAN AMOUNT: $9,400,000 LOAN TERMS: 10-year non-recourse NOTE: Marcus & Millichap Capital Corporation arranged $9.4M in financing for a Ross-anchored retail property at 420 South Alvarado Street in Los Angeles. Senior Director Bradley Buzil secured the 10-year, non-recourse loan with a 6.57% interest rate and full-term interest-only payments on behalf of a private client.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$9,400,000.00

Monthly NOI$62,666.67
Monthly Debt Service$59,414.39
Change in Cash Flow$0.00
Refinance Proceeds$0.00