Updated Sep 5, 2024
Meridian Capital Group Secures $6.1M Retail Refinance Loan In Los Angeles & Alhambra, CA
7800 West Sunset Boulevard
$6,100,000
Building Size
—
Asset Type
Retail
Closing
Nov 15, 2022
About this deal
AI
The retail property located at 7800 W Sunset Blvd, 466 N La Brea Blvd, and 444 E Valley Blvd in Los Angeles and Alhambra, CA has been involved in a closed transaction. The loan amount for the deal was $6,100,000, and the loan terms included a fixed rate of 5.65% for 5 years, with full term interest-only payments. The loan was of the refinance type.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,100,000
- Address: 7800 W Sunset Blvd, 466 N La Brea Blvd, and 444 E Valley Blvd
- Market: Los Angeles and Alhambra, CA
- Lender: Wouldn't You Like To Know 😉
- Brokers: Don Aynesazan, David Oheb, and Dorian Aftalion - Meridian Capital Group
The Meridian Capital Group represented the deal as brokers, with Don Aynesazan, David Oheb, and Dorian Aftalion leading the transaction. They can be contacted for more information at the following:
- Don Aynesazan | 310-867-2312 | [email protected]
- David Oheb | 212-612-0193 | [email protected]
- Dorian Aftalion | 310-867-2304 | [email protected]
On the Map
$6,100,000
Retail
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93