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
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.
Players
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