David Jordon Of SSV Properties Secures $39M Loan From PPM America For Retail Asset In Torrance
21221 Hawthorne Boulevard
$39,000,000
Building Size
—
Asset Type
Retail
Closing
Dec 18, 2025
AI
The transaction involves a retail asset located at 21221 Hawthorne Boulevard in Torrance, comprising an acquisition loan amount of $39,000,000. The asset type reflects its classification within the retail sector, and it is situated in a competitive market environment relevant to the property. The lender for this transaction is PPM America.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $39,000,000
- Lender: PPM America
- Landlord: David Jordon - SSV Properties
- Brokers: Jeff Sause, Alex Olson, Lauren Sackler & Danny Ryan - JLL
- Loan Type: Acquisition
The individuals involved in facilitating this transaction include brokers Jeff Sause, Alex Olson, Lauren Sackler, and Danny Ryan, representing the landlord David Jordon of SSV Properties in the deal. Their collective expertise is instrumental in navigating the complexities of this acquisition financing process.
Players
Torrance 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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93