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
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