Updated Mar 11, 2025
Angelo Gordon & Thomas James Homes Secure $100M Loan For Los Angeles Single Family Properties
1513 South Ogden Drive, Los Angeles, California 90019, United States
$100,000,000
Building Size
—
Asset Type
Single Family Residence
Closing
Oct 2, 2022
About this deal
AI
A loan transaction worth $100,000,000 has been closed for the single-family property located at 1513 & 1515 South Ogden Drive and 1522 & 1524 Wellesley Avenue in Los Angeles, CA. The loan was provided by East West Bank.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $100,000,000
- Address: 1513 & 1515 South Ogden Drive; 1522 & 1524 Wellesley Avenue, Los Angeles, CA
- Lender: East West Bank
The property is owned by Angelo Gordon & Thomas James Homes, while the deal was facilitated by brokers Jordan Ray, Steven Buchwald, and Lexington Henn from IPA Capital Market.
On the Map
$100,000,000
Single Family Residence
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Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93