Updated Feb 28, 2025
We Lend LLC Provides $1.05M Acquisition And Construction Loan In Pelham For SFR
Pelham, AL, USA
$1,050,000
Building Size
—
Asset Type
Single Family Residence
Closing
Aug 20, 2021
About this deal
AI
We Lend LLC has provided a loan for a single-family home (SFR) in Pelham. The loan was dated on August 20, 2021.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $1,050,000
- Market: Pelham
- Lender: We Lend LLC - Ruben Izgelov, Solomon Suleymanov, and Moses Suleymanov
- Loan Type: Acquisition, Purchase - Value-Add (Fix & Flip)
We Lend LLC, represented by Ruben Izgelov, Solomon Suleymanov, and Moses Suleymanov, provided a loan amount of $1,050,000 for the acquisition and purchase of the property. The loan also covers 100% of the construction costs. The loan is equivalent to 85% of the purchase price.
Players
Pelham Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93