Updated Dec 21, 2023
Apollo Global Management Provides $160M Loan For Retail Property On North Rodeo Dr In Beverly Hills
338 North Rodeo Drive, Beverly Hills, CA 90210
$160,000,000
$5,691/SF
Building Size
28,114 SF
Asset Type
Retail
Closing
Jan 10, 2019
About this deal
AI
The retail property located at 338-346 North Rodeo Dr in Beverly Hills has been involved in a closed transaction. The property spans over 28,114 square feet in total and is situated in the Beverly Hills market.
Summary of transaction details:
- Property Type: Retail Property
- Transaction Amount: $160,000,000
- Loan Terms: 10-year fixed rate
- Landlord's Representation: HFF - Marc Schillinger
- Lender: Apollo Global Management
Leon Black and Marc Schillinger are key individuals in this deal. Marc Schillinger represents the landlord in this transaction, acting on behalf of HFF. Apollo Global Management serves as the lender.
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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93