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First Financial Capital Provides Acquisition Loan For Retail Property On Imperial Highway

Property Image
FINANCED
$1,572,000

California

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Retail13,378 SF
Financed 06/02/2023
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Property Image
FINANCED

First Financial Capital Provides Acquisition Loan For Retail Property On Imperial Highway

484 E Imperial Hwy Los Angeles, CA 90061, USA

See Similar Deals
Retail13,378 SF
Financed 06/02/2023
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$117
Total Square Footage:13,378 SF
Transaction Type:Loan

The retail property located at 484 E Imperial Highway in Los Angeles has been involved in a recent loan transaction. The property spans across 13,378 square feet and is owned by Mohammed Mohammed. The lender in this transaction is First Financial Capital, represented by Faraz Eli Ghad. The loan amount provided for the acquisition is $1,572,000, and it is categorized as an acquisition loan. The loan terms include interest-only payments, no prepayment penalties, and a one-year term with two one-year options.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,572,000
  • Lender: First Financial Capital (represented by Faraz Eli Ghad)
  • Landlord: Mohammed Mohammed
  • Loan Type: Acquisition Loan
  • Loan Terms: Interest Only, no prepayment penalties, 1-year term with 2 one-year options

In addition to the details mentioned above, it is worth noting that Faraz Eli Ghad, representing First Financial Capital, played a crucial role as the lender's representative in this transaction, facilitating the loan process and ensuring its successful completion.

Players

First Financial Capital
First Financial Capital
LENDER

Details

FINANCED
IMAGE: Faraz Eli Ghad DATE: 06/02/2023 ADDRESS: 484 E Imperial Highway MARKET: Los Angeles ASSET TYPE: Retail ~ SF:13,378 LENDER: First Financial Capital ( @Firstfincap) - Faraz Eli Ghad (@Farazghad) LANDLORD: Mohammed Mohammed LOAN AMOUNT: $1,572,000 LOAN TYPE: Acquisition Loan LOAN TERMS: Interest Only, no pre payment penalties, 1 year term with 2 one year options.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,572,000.00

Monthly NOI$10,480.00
Monthly Debt Service$9,936.11
Change in Cash Flow$0.00
Refinance Proceeds$0.00