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Pacific Coast Capital Partners Provides $111.1M Loan To L. H. Charney Associates For Garment District Office Building

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FINANCED
$111,115,261

Missouri

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Office367,212 SF
Financed 07/27/2021
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Property Image
FINANCED

Pacific Coast Capital Partners Provides $111.1M Loan To L. H. Charney Associates For Garment District Office Building

1410 Broadway Boulevard, Garment District, Kansas City, MO, USA

See Similar Deals
Office367,212 SF
Financed 07/27/2021
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Summary

MISSOURI
Asset Type:Office
Price Per Square Foot:$302
Total Square Footage:367,212 SF
Transaction Type:Loan

Located in the Garment District, the office property at 1410 Broadway has recently undergone a significant transaction. The lender, Pacific Coast Capital Partners represented by Kevin Chin, provided a loan amount of $111,115,261. The property spans across 367,212 square feet, making it a substantial asset in the area. L. H. Charney Associates acts as the landlord for this property.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $111,115,261
  • SF: 367,212

In this deal, Kevin Chin from Pacific Coast Capital Partners took the role of the lender's representative. L. H. Charney Associates serves as the landlord for the property at 1410 Broadway. These key individuals and companies played crucial roles in facilitating this transaction.

Players

LENDER

8 deals$352.1M volume
LANDLORD

Details

FINANCED
IMAGE: Kevin Chin DATE: 07/27/2021 ADDRESS: 1410 Broadway MARKET: Garment District ASSET TYPE: Office LENDER: Pacific Coast Capital Partners - Kevin Chin LANDLORD: L. H. Charney Associates LOAN AMOUNT: $111,115,261 SF: 367,212

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$111,115,261.00

Monthly NOI$740,768.41
Monthly Debt Service$702,324.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00