Woodridge Capital Secures $275M Loan For Mixed-Use Asset On Avenue Of The Stars, Century City
The Century Plaza, 2025 Avenue Of The Stars, Los Angeles, Ca 90067, Usa
$275,000,000
$112,244/SF
Building Size
2,450 SF
Asset Type
Mixed-use
Closing
Sep 13, 2020
AI
The mixed-use property at 2025 Avenue of the Stars in Century City has recently undergone a transaction. The loan for this transaction was provided by David & Simon Reuben, while the landlord of the property is Woodridge Capital, represented by Michael Rosenfeld. The loan amount for this transaction was $275,000,000, and the property consists of 331 units.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $275,000,000
- Lender: David & Simon Reuben
- Landlord: Woodridge Capital - Michael Rosenfeld
- Address: 2025 Avenue of the Stars, Century City
- Market: Century City
- Units: 331
The transaction involved key individuals such as David & Simon Reuben, who acted as the lenders, and Michael Rosenfeld, who represented Woodridge Capital as the landlord. This deal highlights the successful partnership between these parties in the Century City market.
Players
Los Angeles Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93