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6933 East Hobart Street

Imad Hatoum Of Arixa Capital Provides $21.3M Construction Loan For 61 Townhome Subdivision In Mesa
FINANCEDDevelopment Site

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

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.

Players

Arixa Capital
Arixa CapitalLender

Imad Hatoum

Arixa Capital

Originator

$21.3M

vol

1 deal

Originator

Mesa Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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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