Balcony at Beverwil
9619 West Pico Blvd. Los Angeles, CA 90035
Ralphs, CVS Pharmacy
Sale had to be kept off market so the team was not able to advertise listing.
They had a CMBS loan in place that had a high interest rate compared to then market rates.
Found willing Buyer through their marketing channels.
The team convinced the Buyer to go hard with $1 million released to the seller after a five-day contingency period.
In addition to achieving the asking price the Buyer paid for the defeasance resulting in $4.5 million tax savings for the seller.