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4760 West Pico Boulevard, L...

LoanCore Capital Provides $63.8M Loan For Retail Property On W Pico Blvd. In Mid-City
FINANCEDRetail

LoanCore Capital Provides $63.8M Loan For Retail Property On W Pico Blvd. In Mid-City

4760 West Pico Boulevard, Los Angeles, CA 90019

$63,800,000

Building Size

Asset Type

Retail

Closing

Apr 21, 2020

AI

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

Keith Rosso

Berkadia

Broker

$486.8M

vol

8 deals

Broker
LoanCore Capital
LoanCore CapitalLender

Los Angeles 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

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93