Logan Investments Provides $8M 1st Trust Deed Loan For SFR On Franklin Ave. In Los Angeles
8517 Franklin Avenue, Los Angeles, CA 90069
$8,000,000
$1,047/SF
Building Size
7,640 SF
Asset Type
Single Family Residence
Closing
Aug 10, 2021
AI
On August 10, 2021, a loan transaction took place for a single-family residential property located at 8517 Franklin Ave in Los Angeles. The property spans approximately 7,640 square feet.
Summary of transaction details:
- Property Type: Single-Family Residential
- Transaction Amount: $8,000,000
The loan was provided by Logan Investments, represented by Ron Sentchuk. The loan is a 1st Trust deed loan with an interest rate of 7.99% and a term of 12 months.
The landlord of the property is GB Management, represented by Barbara Lieb. Ron Sentchuk served as the broker in this transaction.
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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93