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Woodridge Capital Secures $275M Loan For Mixed-Use Asset On Avenue Of The Stars, Century City

Property Image
FINANCED
$275,000,000

New York

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Mixed-use2,450 SF
Financed 09/14/2020
the dealdetailscomps
Property Image
FINANCED

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

See Similar Deals
Mixed-use2,450 SF
Financed 09/14/2020

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$112,244
Total Square Footage:2,450 SF
Transaction Type:Loan

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.

Details

FINANCED
IMAGE: David Reuben, Simon Reuben & Michael Rosenfeld DATE: 09/14/2020 ADDRESS: 2025 Avenue of the Stars MARKET: Century City ASSET TYPE: Mixed-use LENDER: David & Simon Reuben LANDLORD: Woodridge Capital – Michael Rosenfeld LOAN AMOUNT: $275,000,000 UNITS: 331

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$275,000,000.00

Monthly NOI$1,833,333.33
Monthly Debt Service$1,738,187.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00