Robert Fanto Of LMF Commercial Provides $16 Million Loan For Retail Acquisition In Beverly Hills
FINANCED
$16,000,000
California
See Similar DealsRetail18,838 SF
Financed 11/19/2024
FINANCED
Robert Fanto Of LMF Commercial Provides $16 Million Loan For Retail Acquisition In Beverly Hills
Retail18,838 SF
Financed 11/19/2024
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$849
Total Square Footage:18,838 SF
Transaction Type:Loan
The transaction involves a retail asset located in Beverly Hills with a total square footage of 18,838. The loan amount for the acquisition is set at $16,000,000, structured under CMBS terms with a duration of 10 years, offering full-term interest-only payments.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,000,000
- Lender: Robert Fanto - LMF Commercial
- Co-Lender: Justin Saleh
- Loan Type: Acquisition
- Loan Terms: CMBS - 10 years, Full Term Interest Only
Robert Fanto of LMF Commercial and Justin Saleh are the key individuals facilitating the loan transaction for this retail property. Their involvement signifies a focused approach to financing within the Beverly Hills market, targeting strategic acquisition opportunities in commercial real estate.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,000,000.00
Monthly NOI$106,666.67
Monthly Debt Service$101,130.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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