Morgan Ben-Moshe David Oheb Max Jacobson Of Meridian Capital Group Secures $3M Refinance For Creative Office In Culver City
4444 Sepulveda Boulevard
$3,000,000
$260/SF
Building Size
11,500 SF
Asset Type
Retail
Closing
Dec 2, 2024
AI
The asset involved in this transaction is a creative office located at 4444 Sepulveda Boulevard in Culver City, comprising a total square footage of 11,500. The loan amount for this refinance is $3,000,000 with fixed terms of 6.05% for five years, including one year of interest-only payments. The notable tenant associated with this property is Inner Gardens.
Summary of transaction details:
- Property Type: Creative Office
- Transaction Amount: $3,000,000
- Address: 4444 Sepulveda Boulevard
- Market: Culver City
- Square Footage: 11,500
- Loan Type: Refinance
- Loan Terms: 6.05% Fixed for Five Years, One Year Interest-Only
- Notable Tenant: Inner Gardens
- Brokers: Morgan Ben-Moshe, David Oheb & Max Jacobson - Meridian Capital Group
The brokers representing this transaction are Morgan Ben-Moshe, David Oheb, and Max Jacobson, affiliated with Meridian Capital Group. For inquiries regarding how Meridian can enhance your financing portfolio, you can reach Morgan Ben-Moshe at 323-703-3626 or [email protected], and David Oheb at 212-612-0193 or [email protected].
Players
Culver City Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93