Cooper-Horowitz Brokers Secure $24M Acquisition Loan For Retail Property In Huntington Park
FINANCED
$24,000,000
California
See Similar DealsRetail
Financed 08/24/2022
FINANCED
Cooper-Horowitz Brokers Secure $24M Acquisition Loan For Retail Property In Huntington Park
5731 Bickett Street
See Similar DealsRetail
Financed 08/24/2022
Summary
CALIFORNIA
Asset Type:Retail
Transaction Type:Loan
The retail property located at 5731 Bickett St in Huntington Park has been involved in a recent transaction. The deal was facilitated by David Horowitz and Richard Horowitz from Cooper-Horowitz. The transaction took place on 8/24/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $24,000,000
- Loan Type: Acquisition
- Loan Terms: 10 Year, Fixed Rate, Full Term Interest Only Loan
The loan amount for this acquisition was $24,000,000. The loan terms include a 10-year fixed rate with full term interest only. The property, located at 5731 Bickett St in Huntington Park, is a retail asset. David Horowitz and Richard Horowitz from Cooper-Horowitz played a key role in representing the parties involved in this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$24,000,000.00
Monthly NOI$160,000.00
Monthly Debt Service$151,696.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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