Updated Mar 11, 2025
First Financial Capital Provides Acquisition Loan For Retail Property On Imperial Highway
484 E Imperial Hwy Los Angeles, CA 90061, USA
$1,572,000
$117/SF
Building Size
13,378 SF
Asset Type
Retail
Closing
Jun 2, 2023
About this deal
AI
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
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
10.09%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93