Angelo Gordon & Thomas James Homes Secure $100M Loan For Los Angeles Single Family Properties
FINANCED
California
See Similar DealsSingle Family Residence
Financed 10/03/2022
FINANCED
Angelo Gordon & Thomas James Homes Secure $100M Loan For Los Angeles Single Family Properties
1513 South Ogden Drive, Los Angeles, California 90019, United States
See Similar DealsSingle Family Residence
Financed 10/03/2022
Summary
CALIFORNIA
Asset Type:Single Family Residence
Transaction Type:Loan
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.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$100,000,000.00
Monthly NOI$666,666.67
Monthly Debt Service$632,068.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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