LoanCore Capital Provides $63.8M Loan For Retail Property On W Pico Blvd. In Mid-City
FINANCED
$63,800,000
California
See Similar DealsRetail
Financed 04/21/2020
FINANCED
LoanCore Capital Provides $63.8M Loan For Retail Property On W Pico Blvd. In Mid-City
4760 West Pico Boulevard, Los Angeles, CA 90019
See Similar DealsRetail
Financed 04/21/2020
Summary
CALIFORNIA
Asset Type:Retail
Transaction Type:Loan
The retail property located at 4760 W Pico Blvd. in Mid-City has been involved in a recent transaction. The deal took place on 04/21/2021.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $63,800,000
- Address: 4760 W Pico Blvd.
- Market: Mid-City
The lender for this transaction was LoanCore Capital. The landlord involved in this deal is Midtown Shopping Center Associates. The brokers who facilitated the transaction were Marc Schillinger & Keith Rosso from JLL, and Matthew Friedman from Hancock Real Estate Strategies.
These key individuals and companies played a vital role in the successful completion of this retail property transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$63,800,000.00
Monthly NOI$425,333.33
Monthly Debt Service$403,259.40
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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