Updated May 12, 2025
Harridge Development, Silverpeak, And Cerberus Secure $110M Loan For Single Family Lots In San Pedro
27812 South Western Avenue, San Pedro, CA, USA
$110,000,000
$36,838/SF
Building Size
2,986 SF
Asset Type
Single Family Residence
Closing
Apr 19, 2021
About this deal
AI
The property involved in this transaction is located at 27812 South Western Avenue in San Pedro. It is a single family lot with a total of 676 units. The transaction took place on April 20, 2021.
Summary of transaction details:
- Property Type: Single Family Lots
- Transaction Amount: $110,000,000
- Address: 27812 South Western Avenue
- Market: San Pedro
- Units: 676
The lender in this deal was Madison Realty Capital, represented by Josh Zegen. The landlords involved in the transaction were Harridge Development, Silverpeak Real Estate Partners, and Cerberus Capital Management. Maverick Commercial Properties, represented by Adi Chugh, acted as the broker.
Players
Rancho Palos Verdes Single Family Residence Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93