Deutsche Bank Provides $134M Refinance Loan For Mixed-Use Property At 1780 Polk Street In Hollywood
1780 Polk Street
$134,000,000
$295/SF
Building Size
453,000 SF
Asset Type
Mixed-use
Closing
Jan 10, 2024
About this deal
AI
Located at 1780 Polk Street in Hollywood, this mixed-use property spans an impressive 453,000 square feet. The transaction, which took place on January 10, 2024, involved a refinancing loan.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $134,000,000
- Lender: Deutsche Bank
- Landlord: GCFRC
- Brokers: Spencer Miller, Jay Miller & Aj Felberbaum - BayBridge Real Estate Capital
During the refinancing deal, Deutsche Bank provided a loan amount of $134,000,000. The property's landlord, GCFRC, collaborated with the brokers, Spencer Miller, Jay Miller, and Aj Felberbaum from BayBridge Real Estate Capital, who represented the parties involved in the transaction.
On the Map
$134,000,000
$295/SF
Mixed-use
View full map
Players
Hollywood Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Visit Spencer Miller to view all their deals.
Browse Hollywood mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93