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.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93