Updated May 11, 2026
Imad Hatoum Of Arixa Capital Provides $21.3M Construction Loan For 61 Townhome Subdivision In Mesa
6933 East Hobart Street
$21,300,000
Building Size
—
Asset Type
Development Site
Closing
Apr 30, 2026
About this deal
AI
The property asset involved in the transaction is a 61 Townhome Subdivision located at 6933 East Hobart Street in Mesa, Arizona. The loan amount for this construction project is $21,300,000, with terms spanning 30 months.
Summary of transaction details:
- Property Type: Townhome Subdivision
- Transaction Amount: $21,300,000
- Lender: Imad Hatoum - Arixa Capital
- Loan Type: Construction
- Loan Terms: 30 Months
- Date: 04/30/2026
The key individual facilitating this deal is Imad Hatoum, representing Arixa Capital as the lender for this construction loan arrangement. His involvement is crucial in providing the necessary financing for the development of the townhome subdivision.
On the Map
$21,300,000
Development Site
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93