Gregory K. Kavoklis And Don Aynesazan Arrange $7.07M Refinance For Retail Asset In Los Angeles
7650 Melrose Avenue
$7,065,000
$519/SF
Building Size
13,600 SF
Asset Type
Retail
Closing
Dec 26, 2024
AI
A retail asset located at 7650 Melrose Avenue, Los Angeles, covering 13,600 square feet, is involved in this transaction. The loan amount secured for the property is $7,065,000, designated as a refinance. The financing is characterized by a low-cost bank execution with no required deposit relationship, structured as a 5-year fixed loan with a 25-year amortization and a pricing spread of 155 basis points.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,065,000
- Asset Size: 13,600 SF
- Address: 7650 Melrose Avenue
- Market: Los Angeles
- Loan Type: Refinance
- Brokers: Gregory K. Kavoklis & Don Aynesazan - Matthews Real Estate Investment Services
The key individuals facilitating this transaction are Gregory K. Kavoklis and Don Aynesazan from Matthews Real Estate Investment Services. Gregory K. Kavoklis can be reached at 818.206.5835 and via email at [email protected]. Don Aynesazan is available at 213.663.3382 and can be contacted through email at [email protected]. They arranged the permanent financing for the flagship retail asset in Los Angeles.
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
2.25%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93