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900 North Hill Street

First Financial Capital Provides $1.5M Bridge Loan For Retail Property On North Hill Street In Los Angeles
FINANCEDRetail

First Financial Capital Provides $1.5M Bridge Loan For Retail Property On North Hill Street In Los Angeles

900 North Hill Street

$1,500,000

$171/SF

Building Size

8,774 SF

Asset Type

Retail

Closing

Jan 27, 2023

AI

The retail property located at 900 North Hill Street in Los Angeles has recently undergone a loan transaction. The property has a total area of 8,774 square feet.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,500,000

First Financial Capital, a privately capitalized bridge lender based out of West Hollywood, provided the loan for this transaction. The lender's representative, Faraz Eli Ghadooshahy, facilitated the deal. The loan type is a bridge loan, with interest-only payments. The terms of the loan include a 1-year term and two free annual renewal options, with no prepayment penalties.

First Financial Capital specializes in gas stations and hospitality assets, making them a top gas station lender in California, Washington, Oregon, and Florida. For more information or inquiries about this loan, interested parties can contact First Financial Capital at 310.694.5060 and ask for Faraz.

Players

Faraz Ghadooshahy

First Financial Capital

Lender

$23.4M

vol

3 deals

Lender

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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93