facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Mixed Use

/

Loan

/

The Century Plaza, 2025 Ave...

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

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

WC
Woodridge CapitalLandlord

Los Angeles Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

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