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7650 Melrose Avenue

FINANCEDRetail

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:

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

Gregory K. Kavoklis

Matthews

Broker

$101.5M

vol

12 deals

Broker

Los Angeles Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

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